Willis Towers Watson Public (NASDAQ:WTW) Given New $364.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered WTW’s price target from $378 to $364 while maintaining an “overweight” rating, implying approximately 22.2% potential upside from the current price.
• Analyst sentiment remains favorable: WTW has a consensus “Moderate Buy” rating and an average price target of $364.40, despite several recent target-price reductions.
• WTW shares recently traded at $297.87, while the company’s latest quarterly results exceeded expectations, with earnings of $3.35 per share and revenue of $2.47 billion.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its target price cut by research analysts at Wells Fargo & Company from $378.00 to $364.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 22.20% from the company's current price.

WTW has been the subject of several other reports. UBS Group lowered their price target on Willis Towers Watson Public from $405.00 to $398.00 and set a "buy" rating for the company in a report on Tuesday, October 6th. Mizuho reduced their price objective on Willis Towers Watson Public from $380.00 to $349.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 7th. Weiss Ratings downgraded Willis Towers Watson Public from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. Morgan Stanley lowered their target price on Willis Towers Watson Public from $350.00 to $310.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. Finally, Citigroup reiterated a "neutral" rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of "Moderate Buy" and an average price target of $364.40.

Willis Towers Watson Public Trading Up 0.5%

Shares of Willis Towers Watson Public stock traded up $1.61 during trading hours on Monday, hitting $297.87. The company's stock had a trading volume of 53,179 shares, compared to its average volume of 683,870. Willis Towers Watson Public has a 1-year low of $240.61 and a 1-year high of $351.51. The business has a fifty day moving average of $321.46 and a 200 day moving average of $292.20. The company has a market capitalization of $27.66 billion, a PE ratio of 18.34, a P/E/G ratio of 0.85 and a beta of 0.46. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, beating analysts' consensus estimates of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $2.86 EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Willis Towers Watson Public will post 19.80 EPS for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG grew its stake in shares of Willis Towers Watson Public by 37.8% during the second quarter. Raiffeisen Bank International AG now owns 124 shares of the company's stock valued at $33,000 after acquiring an additional 34 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Willis Towers Watson Public by 3.3% during the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the company's stock worth $304,000 after acquiring an additional 34 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Willis Towers Watson Public by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company's stock worth $801,000 after acquiring an additional 38 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Willis Towers Watson Public by 2.1% in the first quarter. V Square Quantitative Management LLC now owns 2,429 shares of the company's stock worth $706,000 after acquiring an additional 49 shares in the last quarter. Finally, First Horizon Corp lifted its stake in shares of Willis Towers Watson Public by 2.3% in the first quarter. First Horizon Corp now owns 2,287 shares of the company's stock worth $665,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

About Willis Towers Watson Public

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.

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