Weight Watchers International Receives “Neutral” Rating from JPMorgan Chase & Co. (WTW)
Weight Watchers International (NYSE:WTW)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, AR Network reports. They currently have a $23.00 price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 2.99% from the stock’s previous close.
Weight Watchers International (NYSE:WTW) traded up 19.75% during mid-day trading on Thursday, hitting $23.71. The stock had a trading volume of 8,065,013 shares. Weight Watchers International has a 1-year low of $19.50 and a 1-year high of $48.63. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $28.22. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 5.45.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.29. The company had revenue of $409.40 million for the quarter, compared to the consensus estimate of $399.20 million. Analysts expect that Weight Watchers International will post $1.40 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Weight Watchers International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $21.60 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Weight Watchers International to $20.00 in a research note on Tuesday, April 8th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $22.92.
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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