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

Key Points

• UBS Group lowered its WTW price target from $405 to $398 while maintaining a “buy” rating, implying 36.8% upside from the stock’s previous close.
• Analyst sentiment remains broadly positive: 11 analysts rate WTW a Buy and five rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of $368.13.
• WTW exceeded quarterly expectations, reporting $3.35 in earnings per share and $2.47 billion in revenue, with revenue up 9.1% year over year; institutional investors own 93.09% of the stock.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its target price dropped by stock analysts at UBS Group from $405.00 to $398.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 36.80% from the stock's previous close.

Several other brokerages have also recently issued reports on WTW. Citigroup reiterated a "neutral" rating and set a $345.00 price target (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 target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Piper Sandler lifted their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. TD Cowen increased their target price on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Willis Towers Watson Public from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $368.13.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW traded up $2.83 during trading on Tuesday, hitting $290.94. 96,464 shares of the company traded hands, compared to its average volume of 689,276. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The business's fifty day moving average is $324.01 and its 200-day moving average is $292.08. The stock has a market capitalization of $27.02 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.83 and a beta of 0.46. Willis Towers Watson Public has a one year low of $240.61 and a one year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, topping 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 analysts' expectations of $2.42 billion. During the same quarter last year, the company earned $2.86 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Willis Towers Watson Public will post 19.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CX Institutional lifted its stake in shares of Willis Towers Watson Public by 5.0% in the 3rd quarter. CX Institutional now owns 1,575 shares of the company's stock valued at $454,000 after purchasing an additional 75 shares during the last quarter. Versant Capital Management Inc increased its position in Willis Towers Watson Public by 29.7% during the third quarter. Versant Capital Management Inc now owns 493 shares of the company's stock worth $142,000 after buying an additional 113 shares during the last quarter. Andra AP fonden increased its position in Willis Towers Watson Public by 37.2% during the second quarter. Andra AP fonden now owns 5,316 shares of the company's stock worth $1,389,000 after buying an additional 1,440 shares during the last quarter. Tidal Investments LLC raised its holdings in Willis Towers Watson Public by 196.6% during the second quarter. Tidal Investments LLC now owns 37,826 shares of the company's stock valued at $9,887,000 after buying an additional 25,071 shares in the last quarter. Finally, National Pension Service raised its holdings in Willis Towers Watson Public by 15.4% during 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 in the last quarter. Institutional investors and hedge funds 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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