Willis Towers Watson (WLTW) Price Target Raised to $150.00 at Deutsche Bank

Willis Towers Watson (NASDAQ:WLTW) had its price target hoisted by Deutsche Bank from $140.00 to $150.00 in a research report sent to investors on Friday. The firm currently has a sell rating on the financial services provider’s stock.

WLTW has been the subject of a number of other research reports. Robert W. Baird reaffirmed a buy rating and set a $167.00 price objective on shares of Willis Towers Watson in a research note on Friday, November 3rd. ValuEngine raised shares of Willis Towers Watson from a hold rating to a buy rating in a research note on Thursday, November 9th. Wells Fargo & Co reaffirmed a sell rating and set a $124.00 price objective on shares of Willis Towers Watson in a research note on Thursday, November 2nd. Goldman Sachs Group started coverage on shares of Willis Towers Watson in a research note on Monday, December 4th. They set a sell rating and a $153.00 price objective for the company. Finally, Barclays reaffirmed a buy rating and set a $172.00 price objective on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Willis Towers Watson presently has an average rating of Buy and an average target price of $166.75.

Willis Towers Watson (WLTW) opened at $154.15 on Friday. The stock has a market cap of $20,103.72, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.43. Willis Towers Watson has a 1-year low of $124.10 and a 1-year high of $165.00.

Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. equities research analysts predict that Willis Towers Watson will post 9.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, December 28th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 50.72%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Willis Towers Watson by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,274 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 102 shares in the last quarter. Advisor Group Inc. increased its position in Willis Towers Watson by 30.2% during the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 162 shares in the last quarter. Bank of Nova Scotia increased its position in Willis Towers Watson by 7.0% during the 2nd quarter. Bank of Nova Scotia now owns 3,164 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 206 shares in the last quarter. Amalgamated Bank increased its position in Willis Towers Watson by 2.6% during the 3rd quarter. Amalgamated Bank now owns 14,640 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 376 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Willis Towers Watson by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,269 shares of the financial services provider’s stock worth $3,139,000 after purchasing an additional 400 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/13/willis-towers-watson-wltw-price-target-raised-to-150-00-at-deutsche-bank.html.

Willis Towers Watson Company Profile

Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.

Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply