Willis Towers Watson Public (NASDAQ:WTW) Upgraded by BMO Capital Markets to Market Perform

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) was upgraded by stock analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $298.00 price objective on the stock, up from their previous price objective of $236.00. BMO Capital Markets’ price target would indicate a potential upside of 9.62% from the company’s current price.

WTW has been the subject of several other research reports. Morgan Stanley lifted their price target on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. TheStreet raised Willis Towers Watson Public from a “c+” rating to a “b-” rating in a research report on Monday, October 30th. Stifel Nicolaus increased their price target on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. TD Cowen started coverage on Willis Towers Watson Public in a report on Wednesday, January 10th. They issued an “outperform” rating and a $316.00 price objective for the company. Finally, Truist Financial increased their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $284.36.

Read Our Latest Research Report on WTW

Willis Towers Watson Public Trading Up 0.6 %

WTW stock opened at $271.86 on Monday. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.62 and a beta of 0.72. Willis Towers Watson Public has a twelve month low of $195.29 and a twelve month high of $272.99. The firm’s fifty day simple moving average is $246.05 and its two-hundred day simple moving average is $227.12. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 EPS for the quarter, beating the consensus estimate of $7.05 by $0.39. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. Willis Towers Watson Public’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.33 EPS. As a group, analysts anticipate that Willis Towers Watson Public will post 16.28 earnings per share for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently modified their holdings of WTW. Intech Investment Management LLC increased its stake in Willis Towers Watson Public by 53.6% during the 4th quarter. Intech Investment Management LLC now owns 146,382 shares of the company’s stock valued at $35,307,000 after purchasing an additional 51,083 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $157,000. Nomura Asset Management Co. Ltd. increased its position in shares of Willis Towers Watson Public by 1.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 28,370 shares of the company’s stock valued at $6,843,000 after acquiring an additional 410 shares during the period. Orion Portfolio Solutions LLC raised its stake in Willis Towers Watson Public by 2.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,152 shares of the company’s stock worth $1,248,000 after acquiring an additional 113 shares during the last quarter. Finally, Team Hewins LLC acquired a new stake in Willis Towers Watson Public during the 4th quarter worth about $337,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

About Willis Towers Watson Public

(Get Free Report)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.

Further Reading

Analyst Recommendations for Willis Towers Watson Public (NASDAQ:WTW)

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