Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $391.00 by Analysts at TD Cowen

Willis Towers Watson Public (NASDAQ:WTW) had its price target dropped by equities researchers at TD Cowen from $408.00 to $391.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 20.40% from the stock’s current price.

Several other brokerages also recently weighed in on WTW. Weiss Ratings raised Willis Towers Watson Public from a “hold (c)” rating to a “buy (b)” rating in a report on Friday. Wolfe Research upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Morgan Stanley raised their target price on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods dropped their price target on shares of Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, UBS Group increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $368.77.

Willis Towers Watson Public Stock Performance

Shares of WTW traded down $1.29 during mid-day trading on Monday, hitting $324.76. 187,346 shares of the company’s stock were exchanged, compared to its average volume of 626,740. The firm has a market capitalization of $31.10 billion, a P/E ratio of 222.50, a P/E/G ratio of 2.54 and a beta of 0.69. Willis Towers Watson Public has a fifty-two week low of $292.97 and a fifty-two week high of $352.79. The business’s 50 day moving average is $333.09 and its two-hundred day moving average is $319.32. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $2.93 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Willis Towers Watson Public will post 17.32 earnings per share for the current year.

Willis Towers Watson Public announced that its board has approved a share repurchase program on Thursday, September 18th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Willis Towers Watson Public

Several hedge funds have recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Willis Towers Watson Public in the third quarter valued at approximately $25,000. SOA Wealth Advisors LLC. grew its stake in Willis Towers Watson Public by 8,200.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Raiffeisen Bank International AG purchased a new stake in Willis Towers Watson Public in the 3rd quarter worth approximately $31,000. Quent Capital LLC purchased a new position in shares of Willis Towers Watson Public during the 3rd quarter worth $34,000. Finally, Larson Financial Group LLC boosted its stake in Willis Towers Watson Public by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company’s stock worth $36,000 after buying an additional 59 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Company Profile

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.