Evercore ISI Issues Pessimistic Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

by · The Cerbat Gem

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its target price cut by investment analysts at Evercore ISI from $387.00 to $383.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 15.49% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $400.00 target price (up previously from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Willis Towers Watson Public in a research note on Monday, December 29th. Wolfe Research raised Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen cut Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, TD Cowen reduced their price objective on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $367.92.

Check Out Our Latest Report on Willis Towers Watson Public

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW traded down $4.47 during trading on Wednesday, reaching $331.63. The stock had a trading volume of 115,710 shares, compared to its average volume of 386,293. The stock has a fifty day simple moving average of $323.99 and a two-hundred day simple moving average of $324.72. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.61. Willis Towers Watson Public has a 52 week low of $292.97 and a 52 week high of $352.79. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.61 and a beta of 0.63.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $2.93 EPS. The company’s revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its board has initiated a share repurchase plan on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of large investors have recently bought and sold shares of WTW. Alpine Bank Wealth Management acquired a new position in Willis Towers Watson Public in the third quarter worth $25,000. SOA Wealth Advisors LLC. raised its holdings in shares of Willis Towers Watson Public by 8,200.0% in the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after buying an additional 82 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Willis Towers Watson Public during the 3rd quarter worth about $31,000. Quent Capital LLC acquired a new position in Willis Towers Watson Public during the 3rd quarter worth about $34,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Willis Towers Watson Public during the 2nd quarter worth about $39,000. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Company Profile

(Get Free Report)

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.

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