Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $383.00 by Analysts at Robert W. Baird

Key Points

• Robert W. Baird cut Willis Towers Watson’s price target slightly from $385 to $383, still implying 17.66% upside from the prior close.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $369.94; recent targets range from $345 to $455.
• WTW reported quarterly EPS of $3.63, exceeding estimates of $3.59, while revenue rose 7.5% year over year to $2.46 billion. Institutional investors own 93.09% of the company.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its price objective cut by investment analysts at Robert W. Baird from $385.00 to $383.00 in a research note issued on Friday. Robert W. Baird's target price points to a potential upside of 17.66% from the stock's previous close.

Several other analysts have also issued reports on the company. Cantor Fitzgerald upped their target price on Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Truist Financial increased their price objective on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of 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. Citigroup downgraded shares of Willis Towers Watson Public from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $300.00 to $345.00 in a report on Monday, August 3rd. Finally, TD Cowen upped their price target on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. One equities research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $369.94.

Willis Towers Watson Public Stock Up 0.3%

WTW traded up $1.09 during trading hours on Friday, hitting $325.51. 1,022,366 shares of the company's stock were exchanged, compared to its average volume of 678,570. Willis Towers Watson Public has a 1-year low of $240.61 and a 1-year high of $351.51. The stock's 50-day moving average is $315.00 and its two-hundred day moving average is $297.35. The stock has a market cap of $30.02 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.94 and a beta of 0.44. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.45 billion. During the same period in the previous year, the business earned $3.07 EPS. The company's revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson Public will post 19.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in Willis Towers Watson Public by 183.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company's stock valued at $91,907,000 after buying an additional 204,722 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Willis Towers Watson Public during the second quarter worth approximately $32,052,000. Renaissance Technologies LLC bought a new stake in shares of Willis Towers Watson Public during the first quarter worth approximately $30,058,000. Hsbc Holdings PLC boosted its holdings in shares of Willis Towers Watson Public by 86.7% during the first quarter. Hsbc Holdings PLC now owns 190,955 shares of the company's stock worth $55,470,000 after acquiring an additional 88,659 shares during the period. Finally, Westport Asset Management Inc. acquired a new position in shares of Willis Towers Watson Public in the second quarter valued at approximately $18,096,000. 93.09% of the stock is owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company's services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.

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