Wells Fargo & Company Lowers Willis Towers Watson Public (NASDAQ:WTW) Price Target to $356.00

by · The Cerbat Gem

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its price objective dropped by equities research analysts at Wells Fargo & Company from $362.00 to $356.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.89% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Evercore ISI increased their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Barclays reduced their price target on Willis Towers Watson Public from $341.00 to $303.00 and set an “underweight” rating for the company in a research report on Thursday, November 20th. TD Cowen lowered their price target on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a report on Monday, November 10th. UBS Group upped their price objective on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $373.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $365.67.

Get Our Latest Stock Analysis on Willis Towers Watson Public

Willis Towers Watson Public Stock Up 0.4%

Willis Towers Watson Public stock traded up $1.35 during midday trading on Friday, hitting $326.93. 702,455 shares of the company were exchanged, compared to its average volume of 636,250. The company has a market cap of $31.30 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.73 and a beta of 0.63. Willis Towers Watson Public has a fifty-two week low of $292.97 and a fifty-two week high of $352.79. The company’s fifty day moving average price is $325.47 and its 200-day moving average price is $321.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.93 EPS. Willis Towers Watson Public’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts predict that Willis Towers Watson Public will post 17.32 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dodge & Cox boosted its stake in Willis Towers Watson Public by 184.1% during the 3rd quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock valued at $1,254,740,000 after purchasing an additional 2,353,768 shares during the period. Norges Bank acquired a new position in shares of Willis Towers Watson Public during the second quarter worth approximately $458,662,000. Soundwatch Capital LLC acquired a new position in shares of Willis Towers Watson Public during the second quarter worth approximately $272,790,000. Alliancebernstein L.P. boosted its position in shares of Willis Towers Watson Public by 80.2% in the second quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after acquiring an additional 462,249 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Willis Towers Watson Public by 1,320.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock worth $99,403,000 after acquiring an additional 301,493 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson Public

(Get Free Report)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.

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