Towers Watson & Co Given Consensus Recommendation of “Buy” by Brokerages (NYSE:TW)
Towers Watson & Co (NYSE:TW) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, American Banking & Market News reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $124.02.
A number of analysts have recently weighed in on TW shares. Analysts at Stifel Nicolaus upgraded shares of Towers Watson & Co from a “hold” rating to a “buy” rating in a research note on Thursday. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Towers Watson & Co in a research note on Wednesday. They now have a $110.00 price target on the stock, down previously from $114.00. Finally, analysts at Ned Davis Research upgraded shares of Towers Watson & Co from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th.
Towers Watson & Co (NYSE:TW) traded up 3.56% during mid-day trading on Thursday, hitting $109.63. 152,550 shares of the company’s stock traded hands. Towers Watson & Co has a 52-week low of $72.95 and a 52-week high of $131.73. The stock has a 50-day moving average of $111.0 and a 200-day moving average of $115.2. The company has a market cap of $7.732 billion and a price-to-earnings ratio of 21.41.
Towers Watson & Co (NYSE:TW) last announced its earnings results on Tuesday, May 6th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.11. The company had revenue of $905.00 million for the quarter, compared to the consensus estimate of $918.40 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that Towers Watson & Co will post $5.67 earnings per share for the current fiscal year.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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