Towers Watson & Co Upgraded by Stifel Nicolaus to “Buy” (TW)
Towers Watson & Co (NYSE:TW) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TW. 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. Separately, 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. Finally, analysts at Goldman Sachs upgraded shares of Towers Watson & Co from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $125.02.
Towers Watson & Co (NYSE:TW) traded up 0.89% during mid-day trading on Thursday, hitting $106.80. The stock had a trading volume of 750,291 shares. Towers Watson & Co has a 52 week low of $72.95 and a 52 week high of $131.73. The stock’s 50-day moving average is $110. and its 200-day moving average is $115.2. The company has a market cap of $7.532 billion and a price-to-earnings ratio of 21.41.
Towers Watson & Co (NYSE:TW) last released its earnings data 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. Analysts expect that Towers Watson & Co will post $5.67 EPS for the current fiscal year.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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