Weight Watchers International (NASDAQ:WW) Upgraded at ValuEngine

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Weight Watchers International (NASDAQ:WW) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Weight Watchers International from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $22.00 in a research report on Thursday, July 11th. DA Davidson upgraded shares of Weight Watchers International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.50 to $32.00 in a research report on Friday, July 19th. B. Riley upgraded shares of Weight Watchers International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.50 to $40.00 in a research report on Wednesday. Zacks Investment Research cut shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, Bank of America upgraded shares of Weight Watchers International from an “underperform” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.60.

Weight Watchers International stock opened at $29.97 on Thursday. Weight Watchers International has a 12-month low of $16.71 and a 12-month high of $80.88. The firm has a market capitalization of $1.43 billion, a PE ratio of 9.39, a P/E/G ratio of 1.12 and a beta of 2.38. The stock’s 50-day moving average price is $21.72.

Weight Watchers International (NASDAQ:WW) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. Weight Watchers International had a net margin of 11.84% and a negative return on equity of 20.48%. The firm had revenue of $369.02 million during the quarter, compared to analysts’ expectations of $376.11 million. The firm’s revenue was down 9.9% on a year-over-year basis. Sell-side analysts anticipate that Weight Watchers International will post 1.53 EPS for the current year.

In other 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 shares were sold at an average price of $17.03, for a total value of $289,390.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.03% of the stock is owned by company 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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