Waters Corporation - Value Alert
Texas (August 27, 2013) Wax Ink has issued a Negative Investment Interest opinion for Waters Corporation (NYSE: WAT) based on a recent baseline equity review which placed fair value between $57-$67.
The recent close of $99.44 is approximately 190% above the fair value buy target for the stock and approximately 41% above the fair value close target for the stock. The recent close is also 5% below analysts’ twelve-month $105.00 median price target for the stock.
The recent close represents a 7% increase in the year over year price of the stock, while for the same period sales increased 0.5%, earnings increased 11%, and debt decreased 23%.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 1.7 basis estimated forward earnings growth of 9.5%.
In the past 52 weeks, share prices have moved between a high of $106.00 and a low of $77.22, placing equilibrium at $97.67.
Basis the recent close, the stock is trading 7% below the 52 week high, 22% above the 52 week low, and 2% above equilibrium.
The three-month average daily trading volume for the stock is approximately 471,000 shares.
Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. The company's listed competitors include Agilent Technologies Inc., PerkinElmer, Inc.and Thermo Fisher Scientific, Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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