Wells Fargo & Company Issues Pessimistic Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price objective lowered by investment analysts at Wells Fargo & Company from $380.00 to $345.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 10.10% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays increased their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Truist Financial restated a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, UBS Group raised Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.64.

Willis Towers Watson Public Trading Up 0.0 %

Shares of NASDAQ:WTW opened at $313.35 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public has a 1 year low of $242.54 and a 1 year high of $334.99. The company has a market cap of $31.56 billion, a P/E ratio of -43.04, a PEG ratio of 1.83 and a beta of 0.74. The stock’s fifty day moving average price is $314.80 and its 200-day moving average price is $294.77.

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

Institutional Trading of Willis Towers Watson Public

Several hedge funds and other institutional investors have recently bought and sold shares of WTW. DekaBank Deutsche Girozentrale boosted its stake in Willis Towers Watson Public by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 32,536 shares of the company’s stock valued at $8,579,000 after acquiring an additional 2,306 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Willis Towers Watson Public by 1.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,373 shares of the company’s stock worth $884,000 after buying an additional 62 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Willis Towers Watson Public by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,464 shares of the company’s stock valued at $193,332,000 after acquiring an additional 80,452 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Willis Towers Watson Public by 1.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 15,025 shares of the company’s stock valued at $4,019,000 after purchasing an additional 256 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Willis Towers Watson Public by 6.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,915 shares of the company’s stock worth $502,000 after buying an additional 123 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

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.