Keefe, Bruyette & Woods Boosts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $375.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $373.00 to $375.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 14.70% from the stock’s previous close.

A number of other research firms have also recently commented on WTW. Raymond James Financial reissued a “strong-buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Willis Towers Watson Public in a research note on Monday, September 22nd. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. Wall Street Zen cut Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. TD Cowen dropped their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Evercore ISI upped their target price on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.67.

Willis Towers Watson Public Trading Up 0.4%

Shares of WTW opened at $326.93 on Friday. Willis Towers Watson Public has a 1-year low of $292.97 and a 1-year high of $352.79. The company has a market capitalization of $31.30 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s 50 day simple moving average is $325.06 and its 200 day simple moving average is $321.32.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 EPS. Sell-side analysts forecast that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its board has approved a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at approximately $25,000. SOA Wealth Advisors LLC. lifted 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 valued at $29,000 after buying an additional 82 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public during the 3rd quarter valued at $31,000. Quent Capital LLC bought a new stake in shares of Willis Towers Watson Public during the 3rd quarter valued at $34,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.