Stock Rating Upgrade
The Value Trend Rating for Waters Corp (NYSE: WAT) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Waters Corp (NYSE: WAT) stock closed at $308.90 on 5/31/24 after a modest gain of 0.4%. Moreover, trading volume in this advance was exceptionally high at 235% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.4% during the last week.
Current PriceTarget Research Rating
WAT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Waters has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 49 but a good Power Rating of 75, with the Positive Value Trend Rating the result.
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