JPMorgan Chase & Co. upgraded shares of Weight Watchers International (NASDAQ:WW) from an underweight rating to a neutral rating in a report published on Thursday morning, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $22.00 price target on the stock, up from their prior price target of $17.00.
Several other research firms also recently commented on WW. Bank of America reissued a buy rating and issued a $143.00 price objective on shares of Xilinx in a report on Friday, May 3rd. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Saturday, May 11th. B. Riley increased their price objective on Rogers from $200.00 to $210.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $23.00.
Shares of WW opened at $24.50 on Thursday. The company has a market cap of $1.59 billion, a PE ratio of 7.68, a P/E/G ratio of 1.24 and a beta of 2.34. Weight Watchers International has a twelve month low of $16.71 and a twelve month high of $96.47. The business’s 50 day simple moving average is $19.53.
Weight Watchers International (NASDAQ:WW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $363.00 million during the quarter, compared to analysts’ expectations of $365.91 million. Weight Watchers International had a net margin of 11.84% and a negative return on equity of 20.48%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Analysts anticipate that Weight Watchers International will post 1.53 earnings per share for the current fiscal year.
In other Weight Watchers International news, General Counsel Michael F. Colosi sold 16,993 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $17.03, for a total transaction of $289,390.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael F. Colosi sold 16,898 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $22.41, for a total value of $378,684.18. The disclosure for this sale can be found here. Corporate insiders own 12.03% of the company’s stock.
About Weight Watchers International
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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