Waters (WAT) Receives a Hold from Robert W. Baird

Robert W. Baird analyst Catherine Ramsey Schulte maintained a Hold rating on Waters (WATResearch Report) on November 2 and set a price target of $360.00. The company’s shares closed last Wednesday at $347.51.

According to TipRanks.com, Schulte is a 5-star analyst with an average return of 32.7% and a 72.7% success rate. Schulte covers the Healthcare sector, focusing on stocks such as Castle Biosciences, Twist Bioscience, and Exact Sciences.

Waters has an analyst consensus of Hold, with a price target consensus of $367.67, implying a 5.8% upside from current levels. In a report issued on November 2, Cowen & Co. also maintained a Hold rating on the stock with a $375.00 price target.

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The company has a one-year high of $428.22 and a one-year low of $212.85. Currently, Waters has an average volume of 342.8K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAT in relation to earlier this year.

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Waters Corp. is a measurement company, which engages in the analytical workflow solutions involving liquid chromatography, mass spectrometry and thermal analysis innovations. It operates through Waters and TA segments. The Waters segment designs, manufactures, distributes and services liquid chromatography and ultra performance liquid chromatography instruments, columns and other chemistry consumables that can be integrated and used along with other analytical instruments. The TA Instruments segment designs, manufactures, distributes and services thermal analysis, rheometry and calorimetry instruments. The company was founded by James Logan Waters in 1958 and is headquartered in Milford, MA.

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