Craig Hallum cut shares of WW International (NASDAQ:WW) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Analyst Price Targets reports. The brokerage currently has $18.00 target price on the stock, down from their prior target price of $40.00.
A number of other research firms have also recently issued reports on WW. Zacks Investment Research cut shares of WW International from a hold rating to a strong sell rating in a report on Wednesday, November 10th. DA Davidson restated a buy rating and set a $30.00 price target on shares of WW International in a report on Friday, October 1st. Finally, Citigroup decreased their price target on shares of WW International from $32.00 to $28.00 and set a buy rating for the company in a report on Tuesday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $31.88.
WW International stock opened at $14.07 on Tuesday. The company has a market capitalization of $985.20 million, a price-to-earnings ratio of 20.39 and a beta of 1.56. WW International has a one year low of $13.80 and a one year high of $41.13. The company’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $21.80.
WW International (NASDAQ:WW) last posted its earnings results on Thursday, November 4th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.08). The business had revenue of $293.00 million for the quarter, compared to analyst estimates of $314.77 million. WW International had a negative return on equity of 18.57% and a net margin of 3.93%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities research analysts forecast that WW International will post 1.36 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in shares of WW International by 177.4% in the third quarter. Comerica Bank now owns 75,257 shares of the company’s stock valued at $1,452,000 after buying an additional 48,131 shares during the period. Bank of New York Mellon Corp lifted its stake in WW International by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 548,466 shares of the company’s stock worth $10,010,000 after purchasing an additional 13,335 shares during the period. BNP Paribas Arbitrage SA lifted its stake in WW International by 661.0% during the third quarter. BNP Paribas Arbitrage SA now owns 64,389 shares of the company’s stock worth $1,175,000 after purchasing an additional 55,928 shares during the period. Triumph Capital Management bought a new position in WW International during the third quarter worth about $222,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in WW International by 142.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,400 shares of the company’s stock worth $372,000 after purchasing an additional 12,000 shares during the period. Institutional investors and hedge funds own 92.81% of the company’s stock.
WW International Company Profile
WW International, Inc engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada Company-owned operations. The United Kingdom segment includes United Kingdom Company-owned operations.
See Also: What is a Derivative?