Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Cut by Mizuho

Key Points

• Mizuho cut WTW’s price target from $380 to $349 while maintaining an “outperform” rating, implying 19.45% upside from the prior close.
• Analyst sentiment remains positive overall, with 11 Buy ratings and five Holds producing a “Moderate Buy” consensus and average price target of $365.33.
• WTW reported quarterly adjusted earnings of $3.35 per share and revenue of $2.47 billion, exceeding estimates, while revenue increased 9.1% year over year.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its price target reduced by stock analysts at Mizuho from $380.00 to $349.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 19.45% from the company's previous close.

Several other research firms have also recently issued reports on WTW. Truist Financial boosted their target price on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Barclays upped their price objective on Willis Towers Watson Public from $303.00 to $332.00 and gave the stock an "equal weight" rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price target on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, TD Cowen boosted their price objective on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $365.33.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock traded up $0.18 during trading hours on Wednesday, reaching $292.17. 167,591 shares of the stock were exchanged, compared to its average volume of 688,172. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $351.51. The stock has a market cap of $27.13 billion, a P/E ratio of 17.96, a P/E/G 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. The firm's 50 day moving average is $323.52 and its 200 day moving average is $292.11.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued 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 business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.86 earnings per share. Analysts predict that Willis Towers Watson Public will post 19.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG boosted its holdings in Willis Towers Watson Public by 37.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 124 shares of the company's stock valued at $33,000 after purchasing an additional 34 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in 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. Pettyjohn Wood & White Inc. lifted its stake in shares of Willis Towers Watson Public by 6.3% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 723 shares of the company's stock valued at $238,000 after purchasing an additional 43 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Willis Towers Watson Public by 2.1% during the 1st quarter. V Square Quantitative Management LLC now owns 2,429 shares of the company's stock worth $706,000 after purchasing an additional 49 shares during the last quarter. Finally, First Horizon Corp increased its position in shares of Willis Towers Watson Public by 2.3% during the 1st quarter. First Horizon Corp now owns 2,287 shares of the company's stock worth $665,000 after purchasing an additional 52 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.