B. Riley Analysts Give Weight Watchers International (NASDAQ:WW) a $24.00 Price Target

B. Riley set a $24.00 target price on Weight Watchers International (NASDAQ:WW) in a research note released on Friday, TipRanks reports. The brokerage currently has a hold rating on the stock. B. Riley also issued estimates for Weight Watchers International’s Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.57 EPS and FY2020 earnings at $1.98 EPS.

Other equities analysts also recently issued reports about the company. ValuEngine raised Weight Watchers International from a strong sell rating to a sell rating in a report on Friday. DA Davidson raised Weight Watchers International from a neutral rating to a buy rating and upped their price target for the company from $24.50 to $32.00 in a report on Friday, July 19th. Bank of America reaffirmed an underperform rating and issued a $21.00 price target (up from $18.00) on shares of Weight Watchers International in a report on Friday, May 3rd. Zacks Investment Research downgraded Weight Watchers International from a buy rating to a hold rating in a report on Saturday, July 27th. Finally, JPMorgan Chase & Co. raised Weight Watchers International from an underweight rating to a neutral rating and upped their price target for the company from $17.00 to $22.00 in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Weight Watchers International currently has a consensus rating of Hold and an average target price of $25.20.

WW traded down $0.40 on Friday, reaching $21.01. The company’s stock had a trading volume of 3,191,152 shares, compared to its average volume of 3,463,990. The business has a 50 day simple moving average of $21.55. The company has a market capitalization of $1.44 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 1.17 and a beta of 2.38. Weight Watchers International has a fifty-two week low of $16.71 and a fifty-two week high of $88.84.

In other news, General Counsel Michael F. Colosi sold 16,898 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $22.41, for a total transaction of $378,684.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael F. Colosi sold 16,993 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $17.03, for a total value of $289,390.79. The disclosure for this sale can be found here. 12.03% of the stock is currently owned by insiders.

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.

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