Waters Corporation (WAT) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 157

Waters Corporation (WAT) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 157 from a previous price target of $130 . Barclays advised their investors in a research report released on Jul 27, 2016.

On the company’s financial health, Waters Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $537.00 million for the quarter, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Waters Corporation closed down -0.34 points or -0.22% at $157.06 with 5,07,206 shares getting traded on Thursday. Post opening the session at $157.31, the shares hit an intraday low of $155.89 and an intraday high of $157.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 3, 2016, Eugene G Cassis (Chief Financial Officer) sold 20,000 shares at $139.36 per share price. According to the SEC, on Jun 3, 2016, Michael C Harrington (Sr VP, Global Markets) sold 23,200 shares at $139.09 per share price. On May 25, 2016, Mark T Beaudouin (VP and General Counsel) sold 30,000 shares at $137.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

Waters Corporation

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