Willis Towers Watson (NASDAQ:WLTW) Price Target Raised to $215.00 at Morgan Stanley

Willis Towers Watson (NASDAQ:WLTW) had its price objective raised by Morgan Stanley from $208.00 to $215.00 in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the financial services provider’s stock.

WLTW has been the topic of a number of other reports. SunTrust Banks lifted their price target on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a buy rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a buy rating and set a $220.00 price target on shares of Willis Towers Watson in a research report on Wednesday. BidaskClub raised shares of Willis Towers Watson from a buy rating to a strong-buy rating in a research report on Saturday, April 13th. MKM Partners lifted their price target on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Raymond James reaffirmed a strong-buy rating and set a $200.00 price target on shares of Willis Towers Watson in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $198.62.

Shares of NASDAQ WLTW traded down $0.66 during midday trading on Friday, reaching $195.38. 667,762 shares of the stock were exchanged, compared to its average volume of 445,894. The stock has a market capitalization of $25.23 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.70 and a beta of 0.82. Willis Towers Watson has a 52-week low of $134.50 and a 52-week high of $200.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 2.20. The stock’s 50 day simple moving average is $194.38.

Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.02. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Willis Towers Watson will post 10.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.33%. Willis Towers Watson’s dividend payout ratio is currently 26.72%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Willis Towers Watson during the second quarter valued at approximately $28,000. Investors Research Corp purchased a new stake in shares of Willis Towers Watson during the first quarter valued at approximately $27,000. First Hawaiian Bank raised its stake in shares of Willis Towers Watson by 5,000.0% during the first quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Private Ocean LLC purchased a new stake in shares of Willis Towers Watson during the second quarter valued at approximately $38,000. Finally, YorkBridge Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson during the first quarter valued at approximately $82,000. Institutional investors own 92.07% of the company’s stock.

Willis Towers Watson Company Profile

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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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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