Willis Group Holdings PLC’s Neutral Rating Reaffirmed at Zacks (WSH)
Willis Group Holdings PLC (NYSE:WSH)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a $45.00 price objective on the stock. Zacks‘ price target points to a potential upside of 4.63% from the company’s current price.
Zacks‘ analyst wrote, “Willis Group’s second-quarter earnings surpassed the Zacks Consensus Estimate but remained flat with the year-ago quarter. Top line fared better on the back of higher commission and fees. Moreover, each segment delivered organic growth for the third consecutive quarter. With solid retention levels and new business growth, we expect the company to continue the momentum. Its inorganic growth story also looks impressive. The company’s cost savings initiative is expected to aid margin expansion that otherwise remains constrained due to increasing expenses. Willis Group remains focused on enhancing its shareholders’ value. However, the soft macro conditions might restrict any significant top-line growth in the company. Additionally, with weak interest rate environment we expect investment income to remain pressurized. We, therefore, maintain a Neutral recommendation on Willis Group Holdings. “
A number of other firms have also recently commented on WSH. Analysts at UBS AG raised their price target on shares of Willis Group Holdings PLC (NYSE:WSH) from $40.00 to $45.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Willis Group Holdings PLC (NYSE:WSH) from $39.00 to $42.00 in a research note to investors on Friday, July 26th. Finally, analysts at Sandler O’Neill downgraded shares of Willis Group Holdings PLC (NYSE:WSH) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 26th.
Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.85.
Willis Group Holdings PLC (NYSE:WSH) traded down 0.26% during mid-day trading on Friday, hitting $42.90. 268,436 shares of the company’s stock traded hands. Willis Group Holdings PLC has a one year low of $31.98 and a one year high of $43.87. The stock has a 50-day moving average of $42.23 and a 200-day moving average of $40.53. The company’s market cap is $7.519 billion.
Willis Group Holdings PLC (NYSE:WSH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.01. The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $876.13 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Willis Group Holdings PLC will post $2.75 earnings per share for the current fiscal year.
Willis Group Holdings Public Limited Company (NYSE:WSH) is a holding company.
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