Cantor Fitzgerald Maintains a 'Buy' on Waters Corp. (WAT); Solid 4Q:11 Results; Initial 2012 Guidance Is Prudently Conservative
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Price: $414.69 -1.56%
Rating Summary:
23 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
23 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Cantor Fitzgerald maintains a 'Buy' on Waters Corp. (NYSE: WAT) price target raised from $86 to $95.
Cantor analyst says, "4Q:11 results came in ahead of expectations both on the top and bottom lines. Initial 2012 guidance is below prior Consensus, but assumes conservative outlook kicking off 2012. We continue to like WAT for its competitively positioned product portfolio, which is still in the early stage of adoption cycle and aligned with faster-growing end market segments, as well as disciplined cost management and strong FCF generation largely targeting share buybacks. We see further upside to 2012 guidance (barring significant deterioration in the macro environment)...Adjusting 2012 estimates: We project revenue growth of 5.5% ($1,954mm) and $5.25 EPS."
For an analyst ratings summary and ratings history on Waters Corp. click here. For more ratings news on Waters Corp. click here.
Shares of Waters Corp. closed at $85.04 yesterday.
Cantor analyst says, "4Q:11 results came in ahead of expectations both on the top and bottom lines. Initial 2012 guidance is below prior Consensus, but assumes conservative outlook kicking off 2012. We continue to like WAT for its competitively positioned product portfolio, which is still in the early stage of adoption cycle and aligned with faster-growing end market segments, as well as disciplined cost management and strong FCF generation largely targeting share buybacks. We see further upside to 2012 guidance (barring significant deterioration in the macro environment)...Adjusting 2012 estimates: We project revenue growth of 5.5% ($1,954mm) and $5.25 EPS."
For an analyst ratings summary and ratings history on Waters Corp. click here. For more ratings news on Waters Corp. click here.
Shares of Waters Corp. closed at $85.04 yesterday.
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