New Lifetime High Reached: Waters (WAT)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Waters ( WAT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Waters as such a stock due to the following factors:

  • WAT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $82.6 million.
  • WAT has traded 2,461 shares today.
  • WAT is trading at a new lifetime high.

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More details on WAT:

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. WAT has a PE ratio of 24. Currently there are 3 analysts that rate Waters a buy, 1 analyst rates it a sell, and 10 rate it a hold.

The average volume for Waters has been 415,300 shares per day over the past 30 days. Waters has a market cap of $10.8 billion and is part of the health care sector and health services industry. The stock has a beta of 0.23 and a short float of 2.6% with 3.04 days to cover. Shares are up 15.3% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Waters as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • WAT's revenue growth has slightly outpaced the industry average of 2.8%. Since the same quarter one year prior, revenues slightly increased by 6.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.80, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with this, the company maintains a quick ratio of 4.65, which clearly demonstrates the ability to cover short-term cash needs.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Life Sciences Tools & Services industry and the overall market, WATERS CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • The gross profit margin for WATERS CORP is rather high; currently it is at 63.26%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.86% is above that of the industry average.

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