Weight Watchers International Lowered to “Underperform” at Zacks (WTW)
Weight Watchers International (NYSE:WTW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, AR Network reports. They currently have a $19.90 target price on the stock. Zacks‘ price objective points to a potential downside of 4.78% from the stock’s previous close.
Weight Watchers International (NYSE:WTW) remained flat at $20.90 during during mid-day trading trading on Wednesday. 1,610,955 shares of the company’s stock traded hands. Weight Watchers International has a 52-week low of $21.95 and a 52-week high of $48.63. The stock’s 50-day moving average is $29.71 and its 200-day moving average is $34.33. The company has a market cap of $1.179 billion and a price-to-earnings ratio of 5.76.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, February 13th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.07. The company had revenue of $366.10 million for the quarter, compared to the consensus estimate of $357.98 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. Analysts expect that Weight Watchers International will post $1.41 EPS for the current fiscal year.
Separately, analysts at Wedbush set a $19.00 price target on shares of Weight Watchers International in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Weight Watchers International has a consensus rating of “Hold” and a consensus price target of $28.98.
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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