Weight Watchers (NYSE:WTW) Rating Reaffirmed
The brokerage has just set a price target of $35 on Weight Watchers (NYSE:WTW) shares. This is 30.40% from the price per share. In analysts report revealed to investors on Monday, 7 December, Craig Hallum has restated their “Buy” rating on shares of WTW.
From a total of 5 analysts covering Weight Watchers International (NYSE:WTW) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $28 while the lowest target price is $10. The mean of all analyst targets is $19.2 with a -49.07% below today’s ($26.84) stock price. Weight Watchers International was the topic of 9 analyst reports since August 8, 2015 according to the firm StockzIntelligence Inc. Craig Hallum maintained shares on November 6 with “Buy” rating. Morgan Stanley upgraded WTW stock in a recent report from August 19 to “Equal Weight” rating. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 8.
Approximately 1.59 million shares of stock traded hands. Weight Watchers International, Inc. (NYSE:WTW) has risen 210.64% since May 4, 2015 and is uptrending. It has outperformed by 211.72% the S&P500.
The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.45, from 0.74 in 2015Q2. The ratio improved, as 26 institutions have sold all the shares of Weight Watchers International, Inc. that they owned while 26 funds have taken shares off the table. 23 funds have purchased shares for the first time while 39 added to their positions. These institutions now hold 53.36 million shares or 0.69% more than the 53.00 million shares they owned in 2015Q2.
The Fund Ah Equity Partners Iii L.L.C. currently is holding shares equating to 30.43% of its total portfolio in Weight Watchers International, Inc. representing a total of 2,186 shares. Another fund,Artal Group S.A., is holding a total of 29.44 million shares equating to 4.2% of their holdings. Additionally, Pomelo Capital Llc has a 806,100 share stake in Weight Watchers International, Inc. which represents 2.13% of their total portfolio. The Fund, Diversified Investment Strategies Llc, based out of Louisiana, has also built up a stake in the stock, which represents a total of 0.68% of their total portfolio. Finally Permit Capital Llc, a fund which is based in the state of Pennsylvania reported a total holdings of 104,400 shares.
Weight Watchers International, Inc. is a well-known provider of weight management services. The company has a market cap of $1.67 billion. The firm operates globally through a network of Company-owned and franchise operations. It has 31.6 P/E ratio. The Firm provides Services and Products including: Weight Management Plans, Clinical Efficacy, and Meetings.
According to Zacks Investment Research, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.” Get a free copy of the Zacks research report on Weight Watchers International, Inc. (WTW).