Willis Towers Watson (NASDAQ:WLTW) had its price objective raised by investment analysts at SunTrust Banks from $210.00 to $225.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ target price would suggest a potential upside of 14.55% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other research firms also recently issued reports on WLTW. MKM Partners boosted their price target on Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays restated a “buy” rating and issued a $65.00 price target on shares of Owens Corning in a research note on Monday, July 1st. Morgan Stanley restated an “overweight” rating and issued a C$125.00 price target on shares of Intact Financial in a research note on Wednesday, May 15th. UBS Group boosted their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Raymond James restated an “average” rating on shares of PPL in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $196.69.
Shares of NASDAQ WLTW opened at $196.42 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. Willis Towers Watson has a 12 month low of $134.50 and a 12 month high of $197.45. The business’s 50 day simple moving average is $187.66. The company has a market cap of $25.28 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.71 and a beta of 0.83.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by ($0.01). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 earnings per share. On average, equities analysts predict that Willis Towers Watson will post 10.76 EPS for the current fiscal year.
In other Willis Towers Watson news, Director Anna C. Catalano sold 1,110 shares of Willis Towers Watson stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in Willis Towers Watson by 0.3% in the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock valued at $257,041,000 after acquiring an additional 4,045 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in Willis Towers Watson in the 4th quarter valued at $1,603,000. Nordea Investment Management AB raised its holdings in Willis Towers Watson by 3.3% in the 4th quarter. Nordea Investment Management AB now owns 45,128 shares of the financial services provider’s stock valued at $6,853,000 after acquiring an additional 1,429 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Willis Towers Watson in the 4th quarter valued at $390,000. Finally, FMR LLC raised its holdings in Willis Towers Watson by 12.3% in the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock valued at $442,236,000 after acquiring an additional 276,226 shares in the last quarter. 91.65% 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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