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 $49.5 million.
  • WAT has traded 8,209 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 26. 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 456,300 shares per day over the past 30 days. Waters has a market cap of $12.1 billion and is part of the health care sector and health services industry. The stock has a beta of 0.74 and a short float of 4.2% with 9.45 days to cover. Shares are up 11% 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Despite its growing revenue, the company underperformed as compared with the industry average of 12.0%. Since the same quarter one year prior, revenues slightly increased by 3.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.82, 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 5.62, which clearly demonstrates the ability to cover short-term cash needs.
  • WATERS CORP reported flat earnings per share in the most recent quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, WATERS CORP increased its bottom line by earning $5.65 versus $5.09 in the prior year. This year, the market expects an improvement in earnings ($6.36 versus $5.65).
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • Net operating cash flow has slightly increased to $159.89 million or 3.42% when compared to the same quarter last year. Despite an increase in cash flow of 3.42%, WATERS CORP is still growing at a significantly lower rate than the industry average of 114.55%.

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