Bank of America Has Lowered Expectations for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price objective dropped by research analysts at Bank of America from $354.00 to $347.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price would indicate a potential upside of 18.77% from the company’s previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company decreased their price objective on Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Barclays decreased their price objective on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Piper Sandler reduced their price target on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Evercore raised their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $366.29.

Willis Towers Watson Public Trading Up 1.3%

Willis Towers Watson Public stock opened at $292.15 on Tuesday. The business has a 50 day moving average price of $293.51 and a two-hundred day moving average price of $315.56. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. Willis Towers Watson Public has a 12 month low of $273.59 and a 12 month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, beating the consensus estimate of $7.93 by $0.19. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $8.13 EPS. As a group, equities analysts forecast that Willis Towers Watson Public will post 17.32 EPS for the current year.

Institutional Trading of Willis Towers Watson Public

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Willis Towers Watson Public by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock worth $3,928,792,000 after buying an additional 103,784 shares during the period. Dodge & Cox raised its stake in Willis Towers Watson Public by 90.7% during the 4th quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after buying an additional 3,293,334 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after buying an additional 664,202 shares during the period. Invesco Ltd. raised its stake in Willis Towers Watson Public by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock worth $727,149,000 after buying an additional 57,162 shares during the period. Finally, Norges Bank acquired a new stake in Willis Towers Watson Public during the 4th quarter worth $511,151,000. 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.