Weight Watchers International Rating Reiterated by Credit Suisse (WTW)
Weight Watchers International (NYSE:WTW)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a $20.00 price target on the stock, down from their previous price target of $23.00. Credit Suisse’s target price points to a potential downside of 7.79% from the company’s current price.
WTW has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Weight Watchers International in a research note on Thursday. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at Zacks downgraded shares of Weight Watchers International from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $24.30 price target on the stock. Finally, analysts at TheStreet downgraded shares of Weight Watchers International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.86.
Weight Watchers International (NYSE:WTW) traded up 3.24% during mid-day trading on Thursday, hitting $21.69. 2,253,178 shares of the company’s stock traded hands. Weight Watchers International has a 52 week low of $19.09 and a 52 week high of $41.44. The stock has a 50-day moving average of $20.70 and a 200-day moving average of $22.35. The company has a market cap of $1.229 billion and a P/E ratio of 6.69.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.21. The company had revenue of $397.50 million for the quarter, compared to the consensus estimate of $387.70 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, analysts predict that Weight Watchers International will post $1.63 earnings per share for the current fiscal year.
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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