Willis Towers Watson (NASDAQ:WLTW) PT Raised to $208.00 at Morgan Stanley

Willis Towers Watson (NASDAQ:WLTW) had its price objective raised by equities researchers at Morgan Stanley from $190.00 to $208.00 in a research note issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 6.19% from the stock’s previous close.

Several other brokerages have also recently commented on WLTW. ValuEngine cut shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. SunTrust Banks upped their price objective on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. MKM Partners upped their price objective on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Citigroup set a $21.00 price objective on shares of Tanger Factory Outlet Centers and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Willis Towers Watson currently has an average rating of “Buy” and a consensus target price of $198.08.

Shares of Willis Towers Watson stock opened at $195.88 on Friday. The company’s fifty day simple moving average is $190.39. The company has a market cap of $25.55 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. Willis Towers Watson has a 52 week low of $134.50 and a 52 week high of $198.35. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.54.

Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 EPS for the quarter, missing the consensus estimate of $2.99 by ($0.01). The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 EPS. On average, research analysts forecast that Willis Towers Watson will post 10.76 earnings per share for the current fiscal year.

In related news, Director Anna C. Catalano sold 1,110 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Hawaiian Bank boosted its stake in Willis Towers Watson by 5,000.0% in the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares during the period. Investors Research Corp acquired a new position in shares of Willis Towers Watson during the 1st quarter worth about $27,000. Bessemer Group Inc. boosted its stake in shares of Willis Towers Watson by 86.2% during the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after buying an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of Willis Towers Watson during the 1st quarter worth about $82,000. Finally, Botty Investors LLC boosted its stake in shares of Willis Towers Watson by 14.5% during the 1st quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock worth $84,000 after buying an additional 60 shares during the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

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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