Weight Watchers International (NASDAQ:WW) Rating Increased to Buy at DA Davidson

Weight Watchers International (NASDAQ:WW) was upgraded by research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat.com reports. The firm currently has a $32.00 price target on the stock, up from their prior price target of $24.50. DA Davidson’s target price suggests a potential upside of 29.14% from the stock’s current price.

Several other equities analysts have also weighed in on the company. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. JPMorgan Chase & Co. set a €33.40 ($38.84) target price on Siemens Healthineers and gave the company a “neutral” rating in a report on Thursday, July 11th. Bank of America restated a “buy” rating and set a $143.00 target price on shares of Xilinx in a report on Friday, May 3rd. Finally, B. Riley raised their target price on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.80.

WW opened at $24.78 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 1.32 and a beta of 2.34. Weight Watchers International has a 1 year low of $16.71 and a 1 year high of $96.47. The company’s fifty day moving average price is $20.36.

Weight Watchers International (NASDAQ:WW) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Weight Watchers International had a negative return on equity of 20.48% and a net margin of 11.84%. The firm had revenue of $363.00 million during the quarter, compared to analysts’ expectations of $365.91 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. Equities analysts anticipate that Weight Watchers International will post 1.53 earnings per share for the current year.

In other news, General Counsel Michael F. Colosi sold 16,993 shares of Weight Watchers International stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $17.03, for a total value of $289,390.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael F. Colosi sold 16,898 shares of Weight Watchers International stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $22.41, for a total value of $378,684.18. The disclosure for this sale can be found here. Insiders own 12.03% of the company’s stock.

Weight Watchers International Company Profile

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

Further Reading: Momentum Indicator: Relative Strength Index

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