Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $310.00 by Analysts at Morgan Stanley

Willis Towers Watson Public (NASDAQ:WTW) had its price target decreased by Morgan Stanley from $350.00 to $310.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 6.70% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Piper Sandler raised 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. Wells Fargo & Company lifted their price objective on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group upped their price objective on Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $365.47.

Willis Towers Watson Public Price Performance

WTW traded up $2.43 during trading on Tuesday, reaching $290.54. 115,312 shares of the company traded hands, compared to its average volume of 689,380. The company has a market cap of $26.98 billion, a P/E ratio of 17.87, a PEG ratio of 0.83 and a beta of 0.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. Willis Towers Watson Public has a 12-month low of $240.61 and a 12-month high of $352.79. The firm has a fifty day simple moving average of $324.01 and a 200 day simple moving average of $292.08.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.23. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. Willis Towers Watson Public’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $2.86 earnings per share. On average, equities analysts forecast that Willis Towers Watson Public will post 19.81 EPS for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

Several hedge funds and other institutional investors have recently modified their holdings of WTW. National Pension Service raised its stake in 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 buying an additional 22,767 shares during the last quarter. Tidal Investments LLC grew its stake in shares of 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 acquiring an additional 25,071 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter valued at about $30,058,000. Polianta Ltd purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at approximately $1,698,000. Finally, Wellington Management Group LLP raised its position in shares of Willis Towers Watson Public by 145.3% in the 2nd quarter. Wellington Management Group LLP now owns 16,504 shares of the company’s stock valued at $4,314,000 after purchasing an additional 9,775 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company, operating under the name WTW, is a global advisory, broking and solutions company. It helps organizations manage risk, optimize employee benefits and support their workforce strategies, while also providing investment, data and technology services.

WTW’s principal activities include insurance brokerage and risk management, health and benefits consulting, retirement and investment advisory services, actuarial consulting, executive compensation and talent management.