Overview
Waters Corporation, based in the United States, operates as a global leader in the analytical instruments industry. The company specializes in the production and sale of high-performance liquid chromatography, mass spectrometry, and thermal analysis instrumentation systems and support products. These products are primarily utilized for research, development, and quality control applications across various industries including pharmaceuticals, life sciences, and food and beverage. Key projects of Waters Corporation involve significant advancements in chromatography and mass spectrometry technologies, enhancing capabilities in chemical analysis and measurement. The company consistently focuses on innovations that improve data quality, boost productivity, and enable customers to comply with stringent regulatory requirements worldwide.
Basic Stats
The share price of Waters Corporation as of 5 September 2025 is US$305.66 / share. This is an increase of 2.46% from the prior week. The market cap (or net worth) of Waters Corporation as of 5 September 2025 is US$18,191.05 MM.
The Factor Analysis chart (below right) shows a view of Waters Corporation from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 18,191.05 MM |
| EV | 19,540.80 MM |
| Shares Out. | 59.51 MM |
| Earnings Date | |
| EPS (TTM) | 11.11 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | |
| Short Shares Avail. | |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -6.25 % |
| Volatility (1 yr) | 0.38 |
| Beta | 0.60 |
| Sharpe Ratio (1 yr) | -0.27 |
| Sortino Ratio (1 yr) | -0.48 |
| PE Ratio | 27.50 |
| Price/Book | 8.42 |
| Price/TBV | 74.93 |
| Book/Market | 0.12 |
| EBIT/EV | 0.04 |
| EBIT(3yr avg)/EV | 0.04 |
| ROA | 0.15 |
| ROE | 0.47 |
| ROIC | 0.17 |
| CROIC | 0.01 |
| OCROIC | 0.19 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 50.85 /100 |
| Profitability | 79.17 /100 |
| Quality Score | 75.72 /100 |
| Value Score | 61.12 /100 |
| Momentum Score | 26.50 /100 |
| Stability (Low Vol) Score | 57.51 /100 |
| Analyst Sentiment | 59.02 /100 |
| Fund Sentiment | 34.87 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 6.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Waters Corporation is US$362.64. The forecasts range from a low of US$317.90 to a high of US$482.63. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Waters Corporation. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2024-07-02 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-06-28 | Barclays | Underweight | Underweight | Maintains |
| 2024-05-08 | TD Cowen | Hold | Hold | Maintains |
| 2024-05-08 | Barclays | Underweight | Underweight | Maintains |
| 2024-05-08 | Stifel | Hold | Hold | Maintains |
| 2024-05-08 | Baird | Neutral | Neutral | Maintains |
| 2024-04-04 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-02-12 | Barclays | Underweight | Underweight | Maintains |
| 2024-02-07 | Stifel | Hold | Hold | Maintains |
| 2024-01-25 | Barclays | Underweight | Underweight | Maintains |
| 2023-12-13 | Wolfe Research | Peer Perform | Initiate | |
| 2023-12-11 | Citigroup | Neutral | Neutral | Maintains |
| 2023-11-13 | Barclays | Equal-Weight | Underweight | Downgrade |
| 2023-11-08 | JP Morgan | Neutral | Neutral | Maintains |
| 2023-11-08 | Stifel | Hold | Hold | Maintains |
| 2023-11-08 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2023-10-17 | JP Morgan | Neutral | Neutral | Maintains |
| 2023-09-28 | Bernstein | Market Perform | Initiate | |
| 2023-08-03 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2023-07-31 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2023-07-31 | Evercore ISI Group | Outperform | In-Line | Downgrade |
| 2023-07-11 | Citigroup | Neutral | Neutral | Maintains |
| 2023-05-10 | Citigroup | Neutral | Neutral | Maintains |
| 2023-05-10 | B of A Securities | Neutral | Neutral | Maintains |
| 2023-05-10 | Baird | Neutral | Maintains | |
| 2023-05-10 | Wells Fargo | Equal-Weight | Maintains | |
| 2023-05-10 | Barclays | Overweight | Maintains | |
| 2023-04-04 | Barclays | Overweight | Maintains | |
| 2023-02-16 | Citigroup | Neutral | Maintains | |
| 2023-02-16 | Wells Fargo | Equal-Weight | Maintains | |
| 2023-02-16 | Baird | Neutral | Maintains | |
| 2023-01-24 | Barclays | Overweight | Maintains | |
| 2023-01-06 | SVB Leerink | Market Perform | Maintains | |
| 2022-12-14 | Deutsche Bank | Hold | Initiate | |
| 2022-11-02 | Wells Fargo | Equal-Weight | Maintains | |
| 2022-11-02 | SVB Leerink | Market Perform | Maintains | |
| 2022-10-06 | Barclays | Overweight | Maintains | |
| 2022-09-12 | Barclays | Overweight | Maintains | |
| 2022-08-25 | Credit Suisse | Neutral | Initiate | |
| 2022-08-04 | UBS | Neutral | Maintains | |
| 2022-07-20 | UBS | Neutral | Initiate | |
| 2022-05-18 | Barclays | Overweight | Initiate | |
| 2022-05-17 | B of A Securities | Underperform | Neutral | Upgrade |
| 2022-04-25 | Wells Fargo | Underweight | Equal-Weight | Upgrade |
| 2022-02-02 | SVB Leerink | Market Perform | Maintains | |
| 2021-08-04 | Baird | Neutral | Maintains | |
| 2021-08-04 | SVB Leerink | Market Perform | Maintains | |
| 2021-07-06 | Evercore ISI Group | In-Line | Outperform | Upgrade |
| 2021-05-06 | Wells Fargo | Underweight | Maintains | |
| 2021-05-06 | SVB Leerink | Market Perform | Maintains | |
| 2021-01-07 | Wells Fargo | Equal-Weight | Underweight | Downgrade |
| 2020-12-16 | Citigroup | Sell | Neutral | Upgrade |
| 2020-11-10 | KeyBanc | Sector Weight | Initiate | |
| 2020-10-28 | Wells Fargo | Equal-Weight | Maintains | |
| 2020-10-28 | Stifel | Hold | Maintains | |
| 2020-10-28 | SVB Leerink | Market Perform | Maintains | |
| 2020-07-29 | Stifel | Hold | Maintains | |
| 2020-07-29 | SVB Leerink | Market Perform | Maintains | |
| 2020-07-16 | Wells Fargo | Underweight | Equal-Weight | Upgrade |
| 2020-04-29 | UBS | Neutral | Maintains | |
| 2020-04-29 | Stifel | Hold | Maintains | |
| 2020-04-29 | B of A Securities | Underperform | Maintains | |
| 2020-04-28 | UBS | Neutral | Maintains | |
| 2020-04-02 | Stifel | Hold | Maintains | |
| 2020-03-30 | Wells Fargo | Underweight | Maintains | |
| 2020-03-26 | Barclays | Underweight | Maintains | |
| 2020-03-20 | Citigroup | Sell | Maintains | |
| 2020-01-08 | Wells Fargo | Underweight | Initiate | |
| 2020-01-08 | Needham | Hold | Underperform | Downgrade |
| 2020-01-07 | Citigroup | Sell | Initiate | |
| 2019-12-05 | BTIG Research | Buy | Neutral | Downgrade |
| 2019-11-15 | Stifel Nicolaus | Hold | Initiate | |
| 2019-10-30 | Baird | Neutral | Maintains | |
| 2019-10-09 | Barclays | Equal-Weight | Underweight | Downgrade |
| 2019-07-16 | Bank of America | Neutral | Underperform | Downgrade |
| 2019-04-24 | Baird | Neutral | Neutral | Maintains |
| 2019-04-24 | UBS | Neutral | Maintains | |
| 2019-04-24 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2019-01-24 | Baird | Outperform | Neutral | Downgrade |
| 2019-01-03 | Needham | Hold | Initiate | |
| 2019-01-03 | Bank of America | Underperform | Neutral | Upgrade |
| 2018-12-12 | JP Morgan | Neutral | Underweight | Downgrade |
| 2018-11-30 | Goldman Sachs | Neutral | Sell | Downgrade |
| 2018-10-24 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2018-10-24 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-10-24 | UBS | Neutral | Neutral | Maintains |
| 2018-10-10 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-10-08 | Leerink Swann | Outperform | Market Perform | Downgrade |
| 2018-07-25 | Baird | Outperform | Outperform | Maintains |
| 2018-07-25 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-07-17 | Janney Capital | Buy | Neutral | Downgrade |
| 2018-07-16 | Bank of America | Neutral | Underperform | Downgrade |
| 2018-07-13 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-25 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-25 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-25 | Baird | Outperform | Outperform | Maintains |
| 2018-04-11 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-01-24 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-01-24 | Citigroup | Neutral | Neutral | Maintains |
| 2018-01-24 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2018-01-24 | Baird | Outperform | Outperform | Maintains |
| 2018-01-05 | BTIG Research | Buy | Initiate | |
| 2018-01-04 | Evercore ISI Group | In-Line | Initiate | |
| 2017-12-04 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| 2017-11-10 | Bank of America | Neutral | Maintains | |
| 2017-10-25 | Barclays | Equal-Weight | Maintains | |
| 2017-10-25 | Baird | Outperform | Maintains | |
| 2017-10-25 | Citigroup | Neutral | Maintains | |
| 2017-10-25 | Deutsche Bank | Hold | Maintains | |
| 2017-10-06 | Morgan Stanley | Underweight | Underweight | Maintains |
| 2017-07-26 | Morgan Stanley | Underweight | Maintains | |
| 2017-07-10 | Deutsche Bank | Buy | Hold | Downgrade |
| 2017-05-01 | Janney Capital | Neutral | Buy | Upgrade |
| 2017-01-18 | Deutsche Bank | Buy | Initiate | |
| 2017-01-06 | William Blair | Market Perform | Outperform | Upgrade |
| 2016-07-27 | Citigroup | Neutral | Maintains | |
| 2016-07-27 | Barclays | Equal-Weight | Maintains | |
| 2016-04-05 | Bank of America | Buy | Neutral | Downgrade |
| 2016-03-01 | Barclays | Equal-Weight | Initiate | |
| 2016-01-27 | Deutsche Bank | Hold | Maintains | |
| 2016-01-06 | Deutsche Bank | Hold | Initiate | |
| 2016-01-06 | Avondale Partners | Market Outperform | Initiate | |
| 2015-10-28 | Leerink Swann | Market Perform | Maintains | |
| 2015-08-27 | Cantor Fitzgerald | Buy | Initiate | |
| 2015-07-29 | Wells Fargo | Market Perform | Outperform | Upgrade |
| 2015-04-29 | Leerink Swann | Market Perform | Maintains | |
| 2015-04-29 | Cantor Fitzgerald | Buy | Maintains | |
| 2015-03-10 | UBS | Neutral | Initiate | |
| 2015-01-27 | Citigroup | Neutral | Maintains | |
| 2014-09-08 | Morgan Stanley | Underweight | Initiate | |
| 2014-08-12 | Stifel Nicolaus | Hold | Initiate | |
| 2013-10-23 | Jefferies | Hold | Maintains | |
| 2013-10-23 | Bank of America | Buy | Neutral | Downgrade |
| 2013-10-14 | Mizuho | Buy | Neutral | Downgrade |
| 2013-09-27 | Maxim Group | Buy | Initiate | |
| 2013-08-15 | Janney Capital | Neutral | Initiate | |
| 2013-07-19 | William Blair | Market Perform | Initiate | |
| 2013-06-25 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2013-04-24 | Citigroup | Neutral | Maintains | |
| 2013-04-23 | Goldman Sachs | Neutral | Maintains | |
| 2013-04-23 | ISI Group | Neutral | Maintains | |
| 2013-01-23 | Gabelli & Co. | Buy | Hold | Downgrade |
| 2013-01-23 | Jefferies | Hold | Maintains | |
| 2013-01-23 | UBS | Neutral | Maintains | |
| 2013-01-22 | Jefferies | Hold | Maintains | |
| 2013-01-22 | JP Morgan | Neutral | Maintains | |
| 2013-01-17 | Wells Fargo | Outperform | Market Perform | Downgrade |
| 2013-01-04 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2013-01-03 | Leerink Swann | Outperform | Market Perform | Downgrade |
| 2013-01-03 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2013-01-03 | JP Morgan | Overweight | Neutral | Downgrade |
| 2012-10-23 | Goldman Sachs | Neutral | Maintains | |
| 2012-10-23 | JP Morgan | Overweight | Maintains | |
| 2012-10-23 | ISI Group | Market Weight | Maintains | |
| 2012-07-25 | UBS | Neutral | Maintains | |
| 2012-07-25 | Jefferies | Hold | Maintains | |
| 2012-07-25 | Barclays | Overweight | Maintains | |
| 2012-07-25 | Morgan Stanley | Overweight | Maintains | |
| 2012-07-24 | ISI Group | Market Weight | Maintains | |
| 2012-07-24 | Citigroup | Neutral | Maintains | |
| 2012-07-23 | Barclays | Overweight | Maintains | |
| 2012-07-10 | ISI Group | Market Weight | Initiate | |
| 2012-05-23 | Jefferies | Hold | Maintains | |
| 2012-04-25 | Bank oferica | Buy | Maintains | |
| 2012-04-25 | Goldman Sachs | Neutral | Maintains | |
| 2012-03-06 | Morgan Stanley | Overweight | Initiate | |
| 2025-02-10 | Barclays | Underweight | Equal-Weight | Upgrade |
| 2024-10-01 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-08-01 | Leerink Partners | Market Perform | Outperform | Upgrade |
| 2024-08-01 | Deutsche Bank | Hold | Hold | Maintains |
| 2024-08-01 | Barclays | Underweight | Underweight | Maintains |
| 2024-08-01 | TD Cowen | Hold | Hold | Maintains |
| 2025-02-13 | Wells Fargo | Overweight | Overweight | Maintains |
| 2025-02-13 | Scotiabank | Sector Perform | Sector Outperform | Upgrade |
| 2025-02-13 | UBS | Neutral | Neutral | Maintains |
| 2025-02-13 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-08-27 | Wells Fargo | Overweight | Initiate | |
| 2024-12-13 | B of A Securities | Neutral | Neutral | Maintains |
| 2025-04-10 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-06-26 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-10-08 | Jefferies | Hold | Buy | Upgrade |
| 2024-12-23 | Scotiabank | Sector Perform | Initiate | |
| 2025-03-06 | JP Morgan | Neutral | Neutral | Maintains |
| 2025-08-05 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2025-08-05 | Deutsche Bank | Hold | Hold | Maintains |
| 2025-08-04 | Jefferies | Buy | Buy | Maintains |
| 2025-07-16 | Baird | Outperform | Outperform | Maintains |
| 2024-10-15 | Barclays | Underweight | Underweight | Maintains |
| 2024-11-04 | TD Cowen | Hold | Hold | Maintains |
| 2024-11-04 | Bernstein | Market Perform | Market Perform | Maintains |
| 2024-11-04 | Stifel | Hold | Hold | Maintains |
| 2024-11-04 | Deutsche Bank | Hold | Hold | Maintains |
| 2024-11-04 | JP Morgan | Neutral | Neutral | Maintains |
| 2024-11-04 | Barclays | Underweight | Underweight | Maintains |
| 2024-11-04 | Wells Fargo | Overweight | Overweight | Maintains |
| 2025-03-31 | Keybanc | Sector Weight | Overweight | Upgrade |
| 2025-03-26 | Baird | Neutral | Outperform | Upgrade |
| 2025-04-22 | Baird | Outperform | Outperform | Maintains |
| 2025-05-07 | UBS | Neutral | Neutral | Maintains |
| 2025-05-07 | Baird | Outperform | Outperform | Maintains |
| 2025-07-15 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
