Willis Towers Watson Public (NASDAQ:WTW) Given New $360.00 Price Target at Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its price objective reduced by research analysts at Wells Fargo & Company from $364.00 to $360.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.97% from the company’s previous close.

Several other brokerages also recently weighed in on WTW. TD Cowen raised their target price on Willis Towers Watson Public from $391.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Piper Sandler increased their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Mizuho lowered their price objective on Willis Towers Watson Public from $380.00 to $349.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. The Goldman Sachs Group raised their price objective on Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Citigroup downgraded Willis Towers Watson Public from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $300.00 to $345.00 in a report on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $364.13.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $324.42 on Monday. The stock has a market cap of $29.92 billion, a P/E ratio of 19.79, a PEG ratio of 0.94 and a beta of 0.44. The company’s fifty day simple moving average is $315.00 and its 200-day simple moving average is $297.35. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public has a 52 week low of $240.61 and a 52 week high of $351.51.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 29th. The company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the business earned $3.07 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Willis Towers Watson Public will post 19.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Raiffeisen Bank International AG raised its position in shares of Willis Towers Watson Public by 37.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock valued at $33,000 after acquiring an additional 34 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Willis Towers Watson Public by 3.3% during the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the company’s stock worth $304,000 after purchasing an additional 34 shares during the last quarter. Ascent Group LLC boosted its holdings in Willis Towers Watson Public by 3.4% in the third quarter. Ascent Group LLC now owns 1,081 shares of the company’s stock worth $312,000 after purchasing an additional 36 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Willis Towers Watson Public by 1.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock worth $801,000 after purchasing an additional 38 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Willis Towers Watson Public by 2.1% during the first quarter. V Square Quantitative Management LLC now owns 2,429 shares of the company’s stock valued at $706,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.