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

Willis Towers Watson Public (NASDAQ:WTW) was upgraded by equities researchers at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Thursday,Briefing.com Automated Import reports. The firm presently has a $400.00 price objective on the stock, up from their previous price objective of $365.00. Raymond James’ price target indicates a potential upside of 20.29% from the company’s current price.

Other research analysts also recently issued reports about the company. Truist Financial reiterated a “buy” rating and issued a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday. Barclays lifted their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $359.00 to $378.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus price target of $321.80.

Willis Towers Watson Public Trading Up 1.1 %

WTW opened at $332.53 on Thursday. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of -45.68, a P/E/G ratio of 2.05 and a beta of 0.74. The stock’s 50 day moving average price is $303.57 and its 200-day moving average price is $282.86. Willis Towers Watson Public has a one year low of $234.01 and a one year high of $334.49. 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 data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $2.24 EPS. On average, equities analysts forecast that Willis Towers Watson Public will post 16.7 EPS for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

Several institutional investors and hedge funds have recently modified their holdings of WTW. Mizuho Securities USA LLC increased its stake in Willis Towers Watson Public by 95,880.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after buying an additional 7,561,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Willis Towers Watson Public by 277.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock worth $248,706,000 after buying an additional 620,926 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Willis Towers Watson Public by 47,515.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock worth $147,255,000 after buying an additional 498,915 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after buying an additional 261,562 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Willis Towers Watson Public by 53.0% during the 2nd quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock worth $167,352,000 after buying an additional 221,108 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

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.