Towers Watson & Co. Rating Increased to Outperform at Credit Suisse (TW)
Towers Watson & Co. (NYSE:TW) was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Towers Watson & Co. (NYSE:TW) traded down 0.79% on Monday, hitting $127.07. The stock had a trading volume of 848,983 shares. Towers Watson & Co. has a one year low of $57.21 and a one year high of $131.73. The stock’s 50-day moving average is $122.2 and its 200-day moving average is $103.4. The company has a market cap of $9.014 billion and a price-to-earnings ratio of 26.06.
Towers Watson & Co. (NYSE:TW) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.18. The company had revenue of $809.90 million for the quarter, compared to the consensus estimate of $840.60 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that Towers Watson & Co. will post $5.69 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TW. Analysts at Zacks downgraded shares of Towers Watson & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $130.10 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Towers Watson & Co. in a research note to investors on Wednesday, December 18th. They set a “buy” rating and a $138.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $121.87.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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