Standpoint Research Analysts Begin Coverage on Weight Watchers International (WTW)

By admin | 6 years ago

Investment analysts at Standpoint Research began coverage on shares of Weight Watchers International (NYSE: WTW) in a note issued to investors on Friday. The firm set a “buy” rating and a $75.00 price target on the stock.

Weight Watchers International traded down 2.65% on Friday, hitting $60.53. Weight Watchers International has a 52-week low of $51.28 and a 52-week high of $86.97. The company has a market cap of $4.437 billion and a price-to-earnings ratio of 16.15.

Weight Watchers International last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.04. Weight Watchers International’s revenue was up .0% compared to the same quarter last year. Analysts expect that Weight Watchers International will post $1.38 EPS next quarter.

A number of other firms have also recently commented on WTW. Analysts at Auriga upgraded shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $81.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Weight Watchers International from $92.00 to $84.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Weight Watchers International in a research note to investors on Thursday.

Weight Watchers International, Inc. (WWI) is a provider of weight management services, operating globally through a network of Company-owned and franchise operations.

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