Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Cut by Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $378.00 to $364.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 22.53% from the stock’s previous close.

Several other brokerages also recently issued reports on WTW. UBS Group lowered their price objective on shares of Willis Towers Watson Public from $405.00 to $398.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Morgan Stanley cut their price objective on shares of Willis Towers Watson Public from $350.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. Truist Financial upped their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. TD Cowen increased their target price on Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings downgraded Willis Towers Watson Public from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.40.

View Our Latest Stock Report on Willis Towers Watson Public

Willis Towers Watson Public Price Performance

Shares of WTW opened at $297.07 on Monday. The stock has a 50 day simple moving average of $319.75 and a 200 day simple moving average of $292.29. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $27.59 billion, a PE ratio of 16.34, a P/E/G ratio of 0.86 and a beta of 0.46.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company posted $2.86 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that Willis Towers Watson Public will post 19.80 EPS for the current fiscal year.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently made changes to their positions in the business. Raiffeisen Bank International AG increased its position in Willis Towers Watson Public by 37.8% during the second quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after purchasing an additional 34 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Willis Towers Watson Public by 3.3% during the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the company’s stock worth $304,000 after purchasing an additional 34 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Willis Towers Watson Public by 1.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after purchasing an additional 38 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Willis Towers Watson Public by 2.1% in the 1st quarter. V Square Quantitative Management LLC now owns 2,429 shares of the company’s stock valued at $706,000 after purchasing an additional 49 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in Willis Towers Watson Public by 2.3% in the 1st quarter. First Horizon Corp now owns 2,287 shares of the company’s stock valued at $665,000 after purchasing an additional 52 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Key Headlines Impacting Willis Towers Watson Public

Here are the key news stories impacting Willis Towers Watson Public this week:

Willis Towers Watson Public Company Profile

(Get Free Report)

Willis Towers Watson Public Limited Company, operating under the name WTW, is a global advisory, broking and solutions company. It helps organizations manage risk, optimize employee benefits and support their workforce strategies, while also providing investment, data and technology services.

WTW’s principal activities include insurance brokerage and risk management, health and benefits consulting, retirement and investment advisory services, actuarial consulting, executive compensation and talent management.

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Analyst Recommendations for Willis Towers Watson Public (NASDAQ:WTW)

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