Zacks Investment Research Upgrades Weight Watchers International (WW) to “Strong-Buy”

Zacks Investment Research upgraded shares of Weight Watchers International (NASDAQ:WW) from a hold rating to a strong-buy rating in a research note published on Saturday morning, Zacks.com reports. They currently have $27.00 price target on the stock.

According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “

Several other brokerages have also issued reports on WW. JPMorgan Chase & Co. upped their price target on Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a research note on Tuesday, April 30th. B. Riley reaffirmed a neutral rating and set a $22.00 price target on shares of Weight Watchers International in a research note on Wednesday, May 1st. ValuEngine lowered Weight Watchers International from a sell rating to a strong sell rating in a research note on Wednesday, May 1st. Finally, Bank of America reaffirmed an underperform rating and set a $21.00 price target (up previously from $18.00) on shares of Weight Watchers International in a research note on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $21.00.

Weight Watchers International stock opened at $21.60 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 1.20 and a beta of 2.37. Weight Watchers International has a 52 week low of $17.55 and a 52 week high of $105.73.

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

In other news, General Counsel Michael F. Colosi sold 16,898 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $22.41, for a total transaction of $378,684.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.

Recommended Story: What is a trade deficit?

Get a free copy of the Zacks research report on Weight Watchers International (WW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Weight Watchers International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weight Watchers International and related companies with MarketBeat.com's FREE daily email newsletter.