Weight Watchers International (NASDAQ:WW) Price Target Raised to $38.00 at UBS Group

Weight Watchers International (NASDAQ:WW) had its price target upped by UBS Group from $26.00 to $38.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on WW. ValuEngine upgraded shares of Weight Watchers International from a hold rating to a buy rating in a research note on Tuesday, September 10th. SunTrust Banks set a $27.00 price objective on shares of Weight Watchers International and gave the stock a hold rating in a research note on Wednesday, August 7th. B. Riley upgraded shares of Weight Watchers International from a neutral rating to a buy rating and lifted their price objective for the stock from $23.50 to $40.00 in a research note on Wednesday, August 7th. DA Davidson lifted their price objective on shares of Weight Watchers International from $32.00 to $37.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Finally, Zacks Investment Research cut shares of Weight Watchers International from a buy rating to a hold rating in a research note on Saturday, July 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $30.89.

Shares of Weight Watchers International stock opened at $37.12 on Friday. Weight Watchers International has a twelve month low of $16.71 and a twelve month high of $74.85. The business has a 50-day simple moving average of $29.93. The firm has a market cap of $2.42 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.41 and a beta of 2.22.

Weight Watchers International (NASDAQ:WW) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.13. Weight Watchers International had a net margin of 10.99% and a negative return on equity of 19.39%. The business had revenue of $369.02 million during the quarter, compared to analysts’ expectations of $376.11 million. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Weight Watchers International will post 1.7 earnings per share for the current fiscal year.

In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 4,000 shares of Weight Watchers International stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $29.19, for a total value of $116,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.03% of the stock is owned by insiders.

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.

See Also: Is the QQQ ETF safe?

Analyst Recommendations for Weight Watchers International (NASDAQ:WW)

Receive News & Ratings for Weight Watchers International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weight Watchers International and related companies with MarketBeat.com's FREE daily email newsletter.