Towers Watson & Co. Upgraded to Buy at Deutsche Bank (TW)
Towers Watson & Co. (NYSE:TW) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $125.00 target price on the stock, up from their previous target price of $93.00. Deutsche Bank’s price target points to a potential upside of 21.37% from the stock’s previous close.
The analysts wrote, “We are upgrading TW from a Hold to a Buy due to the very strong growth suggested by our new long-term Healthcare Exchange market model. We had previously underestimated how big this division could be in 4-5 years. We have also updated our near term forecasts to incorporate guidance from Friday’s analyst day and the disposal of Reinsurance Brokerage. Our FY14E EPS rises 3% from $5.63 to $5.79. Our FY15E EPS declines 1% due to the disposal (FY14E did not decline due to the lower tax rate).”
Towers Watson & Co. (NYSE:TW) traded down 0.88% during mid-day trading on Monday, hitting $102.08. The stock had a trading volume of 189,554 shares. Towers Watson & Co. has a 52 week low of $49.74 and a 52 week high of $103.30. The stock’s 50-day moving average is $87.05 and its 200-day moving average is $78.75. The company has a market cap of $7.220 billion and a P/E ratio of 23.09.
Towers Watson & Co. (NYSE:TW) last released its earnings data on Wednesday, August 14th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by $0.11. The company had revenue of $875.00 million for the quarter, compared to the consensus estimate of $874.89 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Towers Watson & Co. will post $5.78 EPS for the current fiscal year.
TW has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Towers Watson & Co. (NYSE:TW) from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a $105.00 price target on the stock, up previously from $92.00. Analysts at Stifel Nicolaus downgraded shares of Towers Watson & Co. (NYSE:TW) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 15th. They now have a $84.00 price target on the stock. They noted that the move was a valuation call.
Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Towers Watson & Co. has a consensus rating of “Buy” and an average price target of $90.60.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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