Weight Watchers International Inc. (NYSE:WTW) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage presently has a $11.83 target price on the stock. Vetr‘s target price points to a potential upside of 14.85% from the stock’s previous close.
Separately, Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.55.
Shares of Weight Watchers International (NYSE:WTW) opened at 10.30 on Monday. The company’s 50-day moving average price is $10.46 and its 200-day moving average price is $12.40. Weight Watchers International has a 52-week low of $6.68 and a 52-week high of $28.05. The company has a market capitalization of $657.78 million, a price-to-earnings ratio of 21.37 and a beta of 3.17.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The business earned $310 million during the quarter, compared to analysts’ expectations of $318.30 million. During the same quarter last year, the company posted $0.49 earnings per share. Weight Watchers International’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts forecast that Weight Watchers International will post $0.94 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. increased its stake in Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock worth $11,624,000 after buying an additional 400,000 shares during the last quarter. Vanguard Group Inc. increased its stake in Weight Watchers International by 13.1% in the second quarter. Vanguard Group Inc. now owns 2,214,781 shares of the company’s stock worth $25,758,000 after buying an additional 256,206 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in Weight Watchers International during the first quarter worth $3,233,000. Allianz Asset Management AG acquired a new stake in Weight Watchers International during the second quarter worth $2,454,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Weight Watchers International by 45.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 578,926 shares of the company’s stock worth $6,733,000 after buying an additional 181,773 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
To view Vetr’s full report, visit Vetr’s official website.
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