Willis Towers Watson Public (NASDAQ:WTW) Stock Rating Upgraded by Raymond James

Willis Towers Watson Public (NASDAQ:WTW) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued on Thursday, MarketBeat reports. The firm presently has a $400.00 target price on the stock, up from their previous target price of $365.00. Raymond James’ target price suggests a potential upside of 24.00% from the company’s previous close.

Several other equities analysts also recently issued reports on WTW. Truist Financial reissued a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday. Roth Mkm upped their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Willis Towers Watson Public from $359.00 to $378.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.80.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $322.57 on Thursday. Willis Towers Watson Public has a 1 year low of $234.01 and a 1 year high of $334.99. The company has a market cap of $32.49 billion, a price-to-earnings ratio of -44.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a fifty day moving average of $304.94 and a 200-day moving average of $283.67.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Willis Towers Watson Public will post 16.75 earnings per share for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

Several hedge funds and other institutional investors have recently bought and sold shares of WTW. Graypoint LLC raised its holdings in Willis Towers Watson Public by 4.7% during the 2nd quarter. Graypoint LLC now owns 820 shares of the company’s stock worth $215,000 after buying an additional 37 shares during the period. Fidelis Capital Partners LLC raised its holdings in Willis Towers Watson Public by 3.1% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock worth $357,000 after buying an additional 37 shares during the period. Glenmede Trust Co. NA raised its holdings in Willis Towers Watson Public by 3.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock worth $418,000 after buying an additional 42 shares during the period. Creative Planning raised its holdings in Willis Towers Watson Public by 0.3% during the 2nd quarter. Creative Planning now owns 13,147 shares of the company’s stock worth $3,446,000 after buying an additional 43 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after buying an additional 43 shares during the period. 93.09% of the stock is currently owned by institutional investors.

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.