Why Waters Corporation (NYSE:WAT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $139.13 on Waters Corporation (NYSE:WAT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.36 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Waters Corporation (NYSE:WAT) stands at 24.97. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Waters Corporation Common Stock, the PEG ratio for coming 3-5 years is 2.58. Technical Analysis The technical analysis highlights that Waters Corporation Common Stock current price is trading $4.46 points away +3.26% from $136.79, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $130.49 and, for now, the stock price is trading $10.76 or +8.25% away from that point. The 52-week high of Waters Corporation (NYSE:WAT) was $143.73 while lowest point recorded in 52-week was $112.00. It implies if stock price makes a movement of over $-2.48, it will record a new 52-week high. In the case of $+26.12% points drop, it will touch a new 52-week low.

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