Weight Watchers International (NASDAQ:WW) Lifted to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Weight Watchers International (NASDAQ:WW) from an underweight rating to a neutral rating in a research note released on Thursday, BenzingaRatingsTable reports. The firm currently has $22.00 price objective on the stock, up from their previous price objective of $17.00.

Other research analysts also recently issued research reports about the stock. Bank of America reiterated a buy rating and set a $143.00 price target on shares of Xilinx in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Saturday, May 11th. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Finally, B. Riley upped their price target on shares of Rogers from $200.00 to $210.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. Weight Watchers International has a consensus rating of Hold and an average price target of $23.00.

Shares of NASDAQ WW opened at $24.50 on Thursday. The stock’s 50-day moving average is $19.53. The firm has a market cap of $1.59 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.24 and a beta of 2.34. Weight Watchers International has a 12-month low of $16.71 and a 12-month high of $96.47.

Weight Watchers International (NASDAQ:WW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The business had revenue of $363.00 million for the quarter, compared to the consensus estimate of $365.91 million. Weight Watchers International had a net margin of 11.84% and a negative return on equity of 20.48%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts predict that Weight Watchers International will post 1.53 EPS for the current year.

In other Weight Watchers International news, General Counsel Michael F. Colosi sold 16,993 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $17.03, for a total transaction of $289,390.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Michael F. Colosi sold 16,898 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $22.41, for a total transaction of $378,684.18. The disclosure for this sale can be found here. Corporate insiders own 12.03% of the company’s stock.

Weight Watchers International Company Profile

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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