Weight Watchers International Price Target Cut to $40.00 (WTW)
Equities researchers at JPMorgan Chase & Co. cut their price target on shares of Weight Watchers International (NYSE:WTW) from $44.00 to $40.00 in a research report issued on Thursday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 24.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Weight Watchers International from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Barclays initiated coverage on shares of Weight Watchers International in a research note to investors on Tuesday, September 24th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of Weight Watchers International from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $37.50 price target on the stock. Six investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $42.70.
Shares of Weight Watchers International (NYSE:WTW) traded down 19.56% on Thursday, hitting $32.11. 7,456,787 shares of the company’s stock traded hands. Weight Watchers International has a 1-year low of $35.58 and a 1-year high of $60.30. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $41.52. The company has a market cap of $1.806 billion and a P/E ratio of 9.38.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Wednesday, October 30th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.22. The company had revenue of $393.90 million for the quarter, compared to the consensus estimate of $385.63 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts predict that Weight Watchers International will post $3.63 earnings per share for the current fiscal year.
Weight Watchers International, Inc (NYSE:WTW) is a global-branded consumer company and a provider of weight management services, operating globally through a network of Company-owned and franchise operations.
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