Willis Towers Watson (WLTW) Price Target Increased to $190.00 by Analysts at Morgan Stanley

Willis Towers Watson (NASDAQ:WLTW) had its price target lifted by Morgan Stanley from $180.00 to $190.00 in a research note published on Wednesday, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on the company. MKM Partners increased their target price on Willis Towers Watson from $190.00 to $210.00 and gave the company a buy rating in a research note on Monday, April 8th. William Blair reiterated a market perform rating on shares of Willis Towers Watson in a research note on Thursday, February 7th. Deutsche Bank upgraded Willis Towers Watson from a sell rating to a hold rating and increased their target price for the company from $149.00 to $164.00 in a research note on Thursday, February 7th. SunTrust Banks increased their target price on Willis Towers Watson to $200.00 and gave the company a market perform rating in a research note on Monday, March 25th. Finally, BidaskClub cut Willis Towers Watson from a strong-buy rating to a buy rating in a research note on Thursday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $188.38.

Shares of NASDAQ:WLTW opened at $176.00 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. Willis Towers Watson has a 52-week low of $134.50 and a 52-week high of $187.91. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.54 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by ($0.01). The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.71 EPS. On average, analysts anticipate that Willis Towers Watson will post 10.76 EPS for the current fiscal year.

In related news, Director Anna C. Catalano sold 1,110 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.35, for a total transaction of $200,188.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in Willis Towers Watson by 6.3% during the fourth quarter. Northern Trust Corp now owns 1,459,327 shares of the financial services provider’s stock worth $221,612,000 after purchasing an additional 86,394 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Willis Towers Watson during the fourth quarter worth $1,603,000. Nordea Investment Management AB lifted its stake in Willis Towers Watson by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 45,128 shares of the financial services provider’s stock worth $6,853,000 after purchasing an additional 1,429 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Willis Towers Watson during the fourth quarter worth $390,000. Finally, JNBA Financial Advisors bought a new position in Willis Towers Watson during the fourth quarter worth $197,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Willis Towers Watson Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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