Jim Cramer on Waters Corporation: “I Think It Should Be Loved on Wall Street

Waters Corporation (NYSE:WAT) is one of the stocks Jim Cramer recently discussed. Cramer discussed the company’s upcoming merger with Becton, Dickinson’s biosciences and diagnostics business. He remarked:

“Finally, please don’t forget about one that was always my personal favorite, never owned it for the trust, Waters Corporation, one of the quieter companies in this space that specializes in liquid chromatography and mass spectrometry. Now, that’s stuff that you need to be able to do all this life science things. For much of the past few years, Waters was holding up much better than the rest of the industry. But the stock got hit real hard earlier this year, in part because the company announced a complex deal to merge with Becton, Dickinson’s biosciences and diagnostics business back in July.

The market didn’t like the deal initially, and Waters saw its stock plunge. It was so hard to understand. Things then turned around, though. Now, the stock’s up about 45% from its August lows. Now, some of that’s because Waters arguably reported the best quarter in the group about a month ago, revenue up 8% on a constant currency basis, along with a healthy earnings beat. Management also gave a nice boost to their full-year forecast. Now, Waters is still tricky because of that Becton, Dickinson biosciences deal. It’s expected to close in the first quarter of next year, but once that happens, I think it’s going to be a much, much bigger player and really I think it should be loved on Wall Street.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Waters Corporation (NYSE:WAT) provides liquid chromatography, mass spectrometry, thermal analysis, rheometry, and calorimetry systems. The company’s technologies are used for research, product development, quality checks, and specialized testing.

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Disclosure: None. This article is originally published at Insider Monkey.