Willis Towers Watson Public (NASDAQ:WTW) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of Willis Towers Watson Public (NASDAQ:WTW) from an outperform rating to a strong-buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Raymond James currently has $400.00 price target on the stock, up from their previous price target of $365.00.

A number of other research firms have also commented on WTW. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Roth Mkm raised their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial reissued a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday. Finally, Barclays raised their target price on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.80.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $330.00 on Thursday. Willis Towers Watson Public has a 52-week low of $234.01 and a 52-week high of $334.99. The firm has a 50-day moving average of $304.35 and a 200-day moving average of $283.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $2.24 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Willis Towers Watson Public will post 16.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Willis Towers Watson Public

Several hedge funds and other institutional investors have recently made changes to their positions in WTW. Cetera Investment Advisers bought a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at approximately $1,950,000. Cetera Advisors LLC acquired a new stake in Willis Towers Watson Public during the 1st quarter worth approximately $211,000. Park Avenue Securities LLC boosted its position in Willis Towers Watson Public by 8.5% during the 2nd quarter. Park Avenue Securities LLC now owns 4,553 shares of the company’s stock worth $1,194,000 after buying an additional 356 shares during the period. Sendero Wealth Management LLC boosted its position in Willis Towers Watson Public by 3.3% during the 2nd quarter. Sendero Wealth Management LLC now owns 15,920 shares of the company’s stock worth $4,173,000 after buying an additional 513 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in Willis Towers Watson Public by 30.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 3,620 shares of the company’s stock worth $949,000 after buying an additional 837 shares during the period. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.