Willis Towers Watson (WLTW) Price Target Raised to $190.00

Willis Towers Watson (NASDAQ:WLTW) had its target price upped by investment analysts at Morgan Stanley from $180.00 to $190.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 8.15% from the company’s previous close.

Several other brokerages have also issued reports on WLTW. Wells Fargo & Co boosted their price objective on shares of Willis Towers Watson from $160.00 to $164.00 and gave the company a “market perform” rating in a report on Tuesday, April 2nd. Barclays boosted their price objective on shares of Willis Towers Watson from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, April 1st. BidaskClub lowered shares of Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. MKM Partners boosted their price objective on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Raymond James reiterated a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Willis Towers Watson has an average rating of “Buy” and an average price target of $188.38.

Shares of NASDAQ WLTW traded up $0.30 during trading on Wednesday, hitting $175.68. 3,377 shares of the company were exchanged, compared to its average volume of 546,893. Willis Towers Watson has a 12-month low of $134.50 and a 12-month high of $187.91. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.54. The firm has a market cap of $22.45 billion, a PE ratio of 18.06, a P/E/G ratio of 1.52 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($0.01). The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 earnings per share. Research analysts expect that Willis Towers Watson will post 10.76 EPS for the current year.

In other news, Director Anna C. Catalano sold 1,110 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.35, for a total transaction of $200,188.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in shares of Willis Towers Watson by 0.6% in the third quarter. Vanguard Group Inc now owns 13,558,103 shares of the financial services provider’s stock valued at $1,910,880,000 after acquiring an additional 81,602 shares during the period. BlackRock Inc. boosted its holdings in shares of Willis Towers Watson by 25.8% in the first quarter. BlackRock Inc. now owns 10,787,793 shares of the financial services provider’s stock valued at $1,894,875,000 after acquiring an additional 2,212,567 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Willis Towers Watson by 0.7% in the fourth quarter. Cantillon Capital Management LLC now owns 2,474,276 shares of the financial services provider’s stock valued at $375,743,000 after acquiring an additional 17,097 shares during the period. FMR LLC boosted its holdings in shares of Willis Towers Watson by 3,131.7% in the fourth quarter. FMR LLC now owns 2,241,482 shares of the financial services provider’s stock valued at $340,391,000 after acquiring an additional 2,172,123 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Willis Towers Watson by 2.7% in the first quarter. Geode Capital Management LLC now owns 1,847,235 shares of the financial services provider’s stock valued at $323,912,000 after acquiring an additional 49,424 shares during the period. 93.20% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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