Willis Towers Watson (NASDAQ:WLTW) Price Target Cut to $209.00

Willis Towers Watson (NASDAQ:WLTW) had its price objective decreased by Morgan Stanley from $215.00 to $209.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other research analysts also recently commented on the company. Barclays set a $235.00 target price on Willis Towers Watson and gave the stock a buy rating in a research note on Monday, August 12th. Raymond James restated a strong-buy rating and issued a $200.00 target price on shares of Willis Towers Watson in a research note on Monday, May 6th. Wells Fargo & Co restated a buy rating and issued a $220.00 target price on shares of Willis Towers Watson in a research note on Wednesday, July 31st. UBS Group raised their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. Finally, SunTrust Banks raised their target price on Willis Towers Watson from $210.00 to $225.00 and gave the stock a buy rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $201.33.

Shares of NASDAQ WLTW opened at $194.55 on Thursday. Willis Towers Watson has a 52 week low of $134.50 and a 52 week high of $200.93. The business has a 50-day simple moving average of $195.54 and a two-hundred day simple moving average of $181.64. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a market cap of $24.57 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.65 and a beta of 0.82.

Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.70 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson will post 10.93 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of Willis Towers Watson by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock valued at $257,041,000 after acquiring an additional 4,045 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Willis Towers Watson by 5.0% during the 2nd quarter. Raymond James Trust N.A. now owns 4,906 shares of the financial services provider’s stock valued at $940,000 after buying an additional 235 shares in the last quarter. FMR LLC raised its holdings in shares of Willis Towers Watson by 12.3% during the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock valued at $442,236,000 after buying an additional 276,226 shares in the last quarter. US Bancorp DE raised its holdings in shares of Willis Towers Watson by 105.9% during the 1st quarter. US Bancorp DE now owns 34,908 shares of the financial services provider’s stock valued at $6,131,000 after buying an additional 17,957 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Willis Towers Watson by 19.4% during the 1st quarter. California Public Employees Retirement System now owns 531,634 shares of the financial services provider’s stock valued at $93,382,000 after buying an additional 86,484 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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