Weight Watchers International (NASDAQ:WW) Raised to “Sell” at ValuEngine

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ValuEngine upgraded shares of Weight Watchers International (NASDAQ:WW) from a strong sell rating to a sell rating in a research note published on Friday morning, ValuEngine reports.

Other equities analysts have also issued reports about the company. Bank of America reissued an underperform rating and set a $21.00 price target (up from $18.00) on shares of Weight Watchers International in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised Weight Watchers International from an underweight rating to a neutral rating and boosted their price target for the stock from $17.00 to $22.00 in a research report on Thursday, July 11th. DA Davidson raised Weight Watchers International from a neutral rating to a buy rating and boosted their price target for the stock from $24.50 to $32.00 in a research report on Friday, July 19th. B. Riley reissued a neutral rating and set a $22.00 price target on shares of Weight Watchers International in a research report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded Weight Watchers International from a buy rating to a hold rating in a report on Saturday, July 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Weight Watchers International currently has an average rating of Hold and an average target price of $24.80.

NASDAQ WW opened at $21.41 on Friday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 1.17 and a beta of 2.37. Weight Watchers International has a 1-year low of $16.71 and a 1-year high of $93.40. The company has a 50-day moving average price of $21.55.

In related news, General Counsel Michael F. Colosi sold 16,993 shares of the company’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 through this hyperlink. Also, General Counsel Michael F. Colosi sold 16,898 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was 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. 12.03% of the stock is owned by corporate 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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