Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Raised at Barclays

Willis Towers Watson Public (NASDAQ:WTW) had its price objective upped by equities researchers at Barclays from $303.00 to $332.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 13.91% from the stock’s previous close.

A number of other research firms also recently weighed in on WTW. Citigroup reissued a “neutral” rating and set a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $381.00 to $394.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Piper Sandler upped their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. 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. Finally, UBS Group reduced their price objective on shares of Willis Towers Watson Public from $405.00 to $398.00 and set a “buy” rating for the company in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.40.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded down $0.52 during mid-day trading on Wednesday, reaching $291.46. 100,356 shares of the company’s stock were exchanged, compared to its average volume of 687,770. The firm has a 50-day moving average price of $323.52 and a two-hundred day moving average price of $292.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $27.07 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.83 and a beta of 0.46. 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 posted its quarterly 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 analyst estimates of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.86 earnings per share. Analysts predict that Willis Towers Watson Public will post 19.81 EPS for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

Institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new stake in shares of Willis Towers Watson Public in the 2nd quarter valued at about $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Willis Towers Watson Public in the first quarter worth approximately $27,000. MV Capital Management Inc. bought a new position in shares of Willis Towers Watson Public in the fourth quarter worth approximately $29,000. Western Wealth Management LLC purchased a new stake in Willis Towers Watson Public in the first quarter valued at approximately $30,000. Finally, Reflection Asset Management purchased a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $31,000. 93.09% of the stock is currently owned by 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.