Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $353.00 by Analysts at Mizuho

Key Points

• Mizuho trimmed its price target for Willis Towers Watson to $353 from $358 but kept an "outperform" rating, implying roughly a 23.29% upside from the prior close.
• Analyst sentiment is mixed but overall positive: MarketBeat's consensus is a "Moderate Buy" with an average price target of $367.77, while individual firms have both raised (UBS, Evercore) and lowered (Barclays, Morgan Stanley, Wall Street Zen) ratings/targets.
• Willis Towers Watson beat the quarter's estimates with $8.12 EPS (vs. $7.93 expected) and $2.94B revenue (vs. $2.87B expected), though revenue was down about 3.3% year‑over‑year.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its price objective reduced by Mizuho from $358.00 to $353.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target suggests a potential upside of 23.29% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Willis Towers Watson Public from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays reduced their price objective on shares of Willis Towers Watson Public from $341.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. UBS Group increased their price objective on Willis Towers Watson Public from $398.00 to $409.00 and gave the company a "buy" rating in a research note on Monday, February 9th. Morgan Stanley reduced 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 note on Monday, April 6th. Finally, Evercore increased their price objective on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $367.77.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded up $6.18 during trading hours on Monday, reaching $286.32. 228,779 shares of the company were exchanged, compared to its average volume of 750,830. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average is $295.97 and its 200-day moving average is $316.45. The firm has a market cap of $26.97 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. Willis Towers Watson Public has a twelve month low of $273.59 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping analysts' consensus estimates of $7.93 by $0.19. The company had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $8.13 earnings per share. On average, sell-side analysts anticipate that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of hedge funds have recently modified their holdings of WTW. Alpine Bank Wealth Management acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Willis Towers Watson Public by 375.0% in 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 during the period. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public during the fourth quarter worth about $28,000. SOA Wealth Advisors LLC. increased its position in Willis Towers Watson Public by 8,200.0% during the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company's stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company's stock worth $29,000 after purchasing an additional 37 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 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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