Zacks Investment Research upgraded shares of Weight Watchers International Inc (NYSE:WTW) from a hold rating to a strong-buy rating in a report released on Tuesday. The firm currently has $52.00 target price on the stock.

According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “

Several other equities analysts also recently commented on WTW. BidaskClub downgraded Weight Watchers International from a strong-buy rating to a buy rating in a report on Friday, August 4th. ValuEngine upgraded Weight Watchers International from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Craig Hallum reiterated a buy rating and set a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $35.55.

Weight Watchers International (WTW) opened at $43.96 on Tuesday. Weight Watchers International has a twelve month low of $9.88 and a twelve month high of $54.47. The company has a market capitalization of $2,836.75, a P/E ratio of 29.31, a P/E/G ratio of 1.83 and a beta of 2.99. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74.

Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.51 by $0.14. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The company had revenue of $323.70 million for the quarter, compared to the consensus estimate of $319.40 million. During the same quarter last year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. analysts expect that Weight Watchers International will post 1.6 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Weight Watchers International by 8.9% in the second quarter. Russell Investments Group Ltd. now owns 69,259 shares of the company’s stock worth $2,315,000 after purchasing an additional 5,642 shares during the period. Royal Bank of Canada lifted its position in Weight Watchers International by 256.8% in the second quarter. Royal Bank of Canada now owns 35,485 shares of the company’s stock worth $1,186,000 after purchasing an additional 25,539 shares during the period. Macquarie Group Ltd. bought a new position in Weight Watchers International in the second quarter worth $22,572,000. Alliancebernstein L.P. lifted its position in Weight Watchers International by 163.2% in the second quarter. Alliancebernstein L.P. now owns 59,000 shares of the company’s stock worth $1,972,000 after purchasing an additional 36,580 shares during the period. Finally, Vanguard Group Inc. lifted its position in Weight Watchers International by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after purchasing an additional 13,425 shares during the period. 84.76% of the stock is owned by institutional investors.

Weight Watchers International Company Profile

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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