Stock Rating Upgrade
The Value Trend Rating for Waters Corp (NYSE: WAT) improved during the last several trading days from D to C 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 $355.94 on 3/8/24 after a modest decline of -1.4%. Moreover, above average trading volume at 122% of normal accompanied the decline. The stock has risen 5.5% during the last week and 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). This VT Rating improved in recent days from D 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 42 but a good Power Rating of 81, resulting in the High Neutral Value Trend Rating.
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