Weight Watchers International (NASDAQ:WW) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Weight Watchers International (NASDAQ:WW) from a strong sell rating to a sell rating in a research note published on Friday morning, ValuEngine reports.

Several other research firms also recently commented on WW. Bank of America reiterated an underperform rating and set a $21.00 price objective (up from $18.00) on shares of Weight Watchers International in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised shares of Weight Watchers International from an underweight rating to a neutral rating and raised their target price for the stock from $17.00 to $22.00 in a report on Thursday, July 11th. DA Davidson raised shares of Weight Watchers International from a neutral rating to a buy rating and raised their target price for the stock from $24.50 to $32.00 in a report on Friday, July 19th. B. Riley reissued a neutral rating and set a $22.00 target price on shares of Weight Watchers International in a report on Wednesday, May 1st. Finally, Zacks Investment Research cut shares of Weight Watchers International from a buy rating to a hold rating in a report on Saturday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Weight Watchers International presently has an average rating of Hold and a consensus price target of $24.80.

Shares of NASDAQ:WW traded up $0.80 on Friday, hitting $22.41. 2,144,653 shares of the company were exchanged, compared to its average volume of 2,397,985. Weight Watchers International has a 1-year low of $16.71 and a 1-year high of $93.40. The stock has a 50 day moving average price of $21.47. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 1.13 and a beta of 2.37.

Weight Watchers International (NASDAQ:WW) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Weight Watchers International had a net margin of 11.84% and a negative return on equity of 20.48%. The business had revenue of $363.00 million during the quarter, compared to the consensus estimate of $365.91 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. Analysts forecast that Weight Watchers International will post 1.53 earnings per share for the current fiscal year.

In related news, General Counsel Michael F. Colosi sold 16,898 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $22.41, for a total transaction of $378,684.18. The sale 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 firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $17.03, for a total transaction of $289,390.79. The disclosure for this sale can be found here. Company insiders own 12.03% of the company’s stock.

About Weight Watchers International

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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