Waters Corporation (WAT) & Its Rivals Critical Analysis
Waters Corporation (NYSE: WAT) is one of 82 public companies in the “Advanced Medical Equipment & Technology” industry, but how does it weigh in compared to its peers? We will compare Waters Corporation to similar businesses based on the strength of its risk, dividends, earnings, profitability, valuation, analyst recommendations and institutional ownership.
Earnings & Valuation
This table compares Waters Corporation and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Waters Corporation||$2.21 billion||$766.04 million||27.62|
|Waters Corporation Competitors||$2.02 billion||$430.74 million||-69.91|
Waters Corporation has higher revenue and earnings than its peers. Waters Corporation is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Volatility & Risk
Waters Corporation has a beta of 0.81, meaning that its stock price is 19% less volatile than the S&P 500. Comparatively, Waters Corporation’s peers have a beta of 0.89, meaning that their average stock price is 11% less volatile than the S&P 500.
This table compares Waters Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Waters Corporation Competitors||-327.76%||-35.22%||-12.29%|
This is a breakdown of recent ratings and target prices for Waters Corporation and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Waters Corporation Competitors||424||2204||3411||123||2.52|
Waters Corporation presently has a consensus target price of $184.73, suggesting a potential upside of 1.04%. As a group, “Advanced Medical Equipment & Technology” companies have a potential downside of 20.29%. Given Waters Corporation’s higher probable upside, research analysts clearly believe Waters Corporation is more favorable than its peers.
Institutional and Insider Ownership
91.0% of Waters Corporation shares are held by institutional investors. Comparatively, 53.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by institutional investors. 5.1% of Waters Corporation shares are held by company insiders. Comparatively, 17.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Waters Corporation beats its peers on 8 of the 13 factors compared.
Waters Corporation Company Profile
Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans. It also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments through its TA product line. It is also a developer and supplier of software-based products that interface with the Company’s instruments, as well as other suppliers’ instruments. Its LC and LC-MS instruments are utilized in a range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a range of compounds.
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