Mizuho Cuts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $338.00

Key Points

• Mizuho cut its price target on Willis Towers Watson to $338 (from $353) but kept an "outperform" rating, implying about a 30.14% upside from the current price.
• Analyst sentiment is mixed but overall positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $352 (two Strong Buy, eight Buy, seven Hold among analysts).
• Fundamentals remain solid—WTW reported Q1 EPS $3.72 vs. $3.65 estimate and revenue of $2.41B (up 8.5% YoY); shares trade around $259.73 with a PE of 15.1 and market cap ~$24.5B.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its target price dropped by equities research analysts at Mizuho from $353.00 to $338.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 30.14% from the company's current price.

A number of other brokerages also recently weighed in on WTW. Keefe, Bruyette & Woods reduced their target price on Willis Towers Watson Public from $388.00 to $384.00 and set an "outperform" rating on the stock in a report on Tuesday, April 7th. Morgan Stanley dropped their price objective on Willis Towers Watson Public from $330.00 to $320.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Weiss Ratings lowered Willis Towers Watson Public from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Truist Financial raised Willis Towers Watson Public to a "strong-buy" rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald dropped their target price on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and an average price target of $352.00.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $259.73 on Tuesday. The firm has a 50 day moving average of $291.72 and a 200-day moving average of $311.18. Willis Towers Watson Public has a 12 month low of $246.60 and a 12 month high of $352.79. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $24.47 billion, a PE ratio of 15.10, a PEG ratio of 1.13 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $3.13 EPS. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Willis Towers Watson Public will post 19.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of institutional investors and hedge funds have recently bought and sold shares of WTW. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company's stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Willis Towers Watson Public during the first quarter worth about $27,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC raised its holdings in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company's stock valued at $29,000 after buying an additional 37 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.09% of the company's stock.

About Willis Towers Watson Public

Willis Towers Watson Public NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company's core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.

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