Stock Rating Downgrade
The Value Trend Rating for Waters Corp (NYSE: WAT) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Waters Corp (NYSE: WAT) stock closed at $339.04 on 4/8/24 after a modest gain of 0.9%. However, below average trading volume at 70% of normal accompanied the advance. The stock has declined -1.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WAT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Waters has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Waters has a neutral Appreciation Score of 45 but a good Power Rating of 77, with the High Neutral Value Trend Rating the result.
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