Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Willis Towers Watson Public (NASDAQ:WTW) Stock

Willis Towers Watson Public (NASDAQ:WTW) had its target price upped by equities research analysts at Keefe, Bruyette & Woods from $360.00 to $397.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s target price points to a potential upside of 20.72% from the company’s current price.

A number of other brokerages also recently weighed in on WTW. Evercore lifted their target price on shares of Willis Towers Watson Public from $374.00 to $390.00 in a research note on Wednesday, October 28th. Robert W. Baird cut their price target on shares of Willis Towers Watson Public from $385.00 to $383.00 in a research report on Friday, October 30th. Mizuho set a $370.00 price target on Willis Towers Watson Public in a report on Monday. Wells Fargo & Company lowered their price objective on Willis Towers Watson Public from $364.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Finally, Piper Sandler boosted their price objective on Willis Towers Watson Public from $317.00 to $361.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $370.11.

Willis Towers Watson Public Trading Down 2.3%

NASDAQ:WTW traded down $7.65 on Thursday, reaching $328.86. 377,078 shares of the stock traded hands, compared to its average volume of 546,880. 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 1-year low of $240.61 and a 1-year high of $351.51. The company’s 50 day moving average is $313.67 and its 200-day moving average is $297.46. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company earned $3.07 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Willis Towers Watson Public will post 19.80 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Pension Service lifted its holdings in shares of Willis Towers Watson Public by 15.4% in the second quarter. National Pension Service now owns 170,881 shares of the company’s stock valued at $44,663,000 after purchasing an additional 22,767 shares in the last quarter. Tidal Investments LLC grew its holdings in Willis Towers Watson Public by 196.6% during the second quarter. Tidal Investments LLC now owns 37,826 shares of the company’s stock worth $9,887,000 after buying an additional 25,071 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at $30,058,000. Polianta Ltd purchased a new stake in Willis Towers Watson Public in the 2nd quarter valued at $1,698,000. Finally, Public Employees Retirement System of Ohio bought a new position in Willis Towers Watson Public during the 2nd quarter valued at $7,030,000. Institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company, which operates under the WTW name, is a global advisory, broking and solutions firm. It helps organizations manage risk, improve employee benefits and support workforce and business performance.

WTW’s services include insurance and risk brokerage, risk management advice, retirement and investment consulting, health and benefits solutions, and guidance on talent, rewards and organizational strategy. It serves businesses, public-sector organizations and individuals across a range of industries.

The company was formed in 2016 through the merger of Willis Group Holdings and Towers Watson.