Willis Towers Watson Public (NASDAQ:WTW) Given New $383.00 Price Target at Robert W. Baird

Willis Towers Watson Public (NASDAQ:WTW) had its price objective reduced by equities research analysts at Robert W. Baird from $385.00 to $383.00 in a report issued on Friday. Robert W. Baird‘s target price would indicate a potential upside of 17.66% from the company’s current price.

Several other analysts have also recently weighed in on WTW. TD Cowen lifted their price objective on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Morgan Stanley decreased their target price 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. Barclays raised their target price on shares of Willis Towers Watson Public from $303.00 to $332.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. The Goldman Sachs Group lifted their price target on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Piper Sandler boosted their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $369.94.

Willis Towers Watson Public Stock Performance

Shares of WTW traded up $1.09 during midday trading on Friday, reaching $325.51. 1,022,366 shares of the stock were exchanged, compared to its average volume of 678,570. Willis Towers Watson Public has a twelve month low of $240.61 and a twelve month high of $351.51. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.74. The company has a market cap of $30.02 billion, a P/E ratio of 19.86, a PEG ratio of 0.94 and a beta of 0.44. The stock’s 50 day simple moving average is $315.00 and its 200 day simple moving average is $297.35.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the business posted $3.07 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Willis Towers Watson Public will post 19.78 earnings per share for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in Willis Towers Watson Public by 12.4% during the third quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock valued at $1,879,000 after purchasing an additional 718 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Willis Towers Watson Public by 3.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,847 shares of the company’s stock valued at $600,000 after purchasing an additional 55 shares in the last quarter. Ascent Group LLC boosted its holdings in shares of Willis Towers Watson Public by 3.4% in the 3rd quarter. Ascent Group LLC now owns 1,081 shares of the company’s stock valued at $312,000 after purchasing an additional 36 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Willis Towers Watson Public in the 3rd quarter valued at $4,840,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at $7,239,000. Institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.