Weight Watchers International (NASDAQ:WW) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Weight Watchers International (NASDAQ:WW) from a sell rating to a hold rating in a report issued on Thursday morning, ValuEngine reports.

Several other research firms have also recently issued reports on WW. DA Davidson upgraded Weight Watchers International from a neutral rating to a buy rating and increased their target price for the stock from $24.50 to $32.00 in a research report on Friday, July 19th. B. Riley upgraded Weight Watchers International from a neutral rating to a buy rating and increased their target price for the stock from $23.50 to $40.00 in a research report on Wednesday. Bank of America upgraded Weight Watchers International from an underperform rating to a buy rating and set a $27.00 target price for the company in a research report on Wednesday. Zacks Investment Research cut Weight Watchers International from a buy rating to a hold rating in a research report on Saturday, July 27th. Finally, JPMorgan Chase & Co. upgraded Weight Watchers International from an underweight rating to a neutral rating and increased their target price for the stock from $17.00 to $22.00 in a research report on Thursday, July 11th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $28.57.

Shares of NASDAQ:WW traded up $1.29 during trading on Thursday, hitting $31.15. 3,366,088 shares of the company’s stock were exchanged, compared to its average volume of 3,594,320. Weight Watchers International has a 52-week low of $16.71 and a 52-week high of $80.30. The firm has a 50-day moving average of $21.92. The firm has a market capitalization of $2.09 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.10 and a beta of 2.38.

Weight Watchers International (NASDAQ:WW) last released its earnings results on Tuesday, August 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. Weight Watchers International had a negative return on equity of 19.08% and a net margin of 10.99%. The firm had revenue of $369.02 million during the quarter, compared to analysts’ expectations of $376.11 million. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. As a group, analysts anticipate that Weight Watchers International will post 1.72 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 that occurred on Friday, May 31st. The stock was sold at an average price of $17.03, for a total transaction of $289,390.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Weight Watchers International (NASDAQ:WW)

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