Zacks upgraded shares of Towers Watson & Co. (NYSE:TW) from a neutral rating to an outperform rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has $119.30 price target on the stock.
A number of other firms have also recently commented on TW. Analysts at Citigroup Inc. reiterated a buy rating on shares of Towers Watson & Co. in a research note to investors on Wednesday. They now have a $126.00 price target on the stock, up previously from $119.00. Separately, analysts at Deutsche Bank raised their price target on shares of Towers Watson & Co. from $125.00 to $130.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Towers Watson & Co. in a research note to investors on Wednesday, October 16th. They set a neutral rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Towers Watson & Co. has an average rating of Buy and an average price target of $109.19.
Shares of Towers Watson & Co. (NYSE:TW) traded up 3.18% during mid-day trading on Wednesday, hitting $114.02. The stock had a trading volume of 546,266 shares. Towers Watson & Co. has a 52 week low of $51.67 and a 52 week high of $118.73. The stock’s 50-day moving average is $113.5 and its 200-day moving average is $93.17. The company has a market cap of $8.088 billion and a price-to-earnings ratio of 22.56.
Towers Watson & Co. (NYSE:TW) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.18. The company had revenue of $809.90 million for the quarter, compared to the consensus estimate of $840.60 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Towers Watson & Co. will post $5.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, December 27th.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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