Bullish Chart Formation for Willis Towers Watson Public Limited Company (WLTW) After Forming Multiple Top

February 21, 2018 - By Vivian Currie

The stock of Willis Towers Watson Public Limited Company (WLTW) shows a multiple tops pattern with $166.04 target or 4.00 % above today’s $159.65 share price. The 8 months chart pattern indicates low risk for the $21.09B company. It was reported on Feb, 21 by Finviz.com. If the $166.04 price target is reached, the company will be worth $843.72M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.26% or $0.42 during the last trading session, reaching $159.65. About 642,696 shares traded. Willis Towers Watson Public Limited Company (NASDAQ:WLTW) has risen 11.94% since February 21, 2017 and is uptrending. It has underperformed by 4.76% the S&P500.

Analysts await Willis Towers Watson Public Limited Company (NASDAQ:WLTW) to report earnings on May, 3. They expect $4.00 EPS, up 7.82 % or $0.29 from last year’s $3.71 per share. WLTW’s profit will be $528.48 million for 9.98 P/E if the $4.00 EPS becomes a reality. After $2.21 actual EPS reported by Willis Towers Watson Public Limited Company for the previous quarter, Wall Street now forecasts 81.00 % EPS growth.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) Ratings Coverage

Among 3 analysts covering Willis Towers Watson (NASDAQ:WLTW), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Willis Towers Watson has $146 highest and $115 lowest target. $130.50’s average target is -18.26% below currents $159.65 stock price. Willis Towers Watson had 4 analyst reports since January 7, 2016 according to SRatingsIntel. The stock of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) has “Neutral” rating given on Friday, January 27 by Bank of America. JP Morgan initiated Willis Towers Watson Public Limited Company (NASDAQ:WLTW) on Thursday, January 7 with “Underweight” rating. Credit Suisse upgraded the stock to “Outperform” rating in Friday, January 6 report.

More notable recent Willis Towers Watson Public Limited Company (NASDAQ:WLTW) news were published by: Businessinsurance.com which released: “Willis Towers Watson faces class action over merger” on November 28, 2017, also Bloomberg.com with their article: “Willis Towers Watson Can’t Claim Victory Yet” published on December 20, 2017, Businessinsurance.com published: “Property insurance rates expected to rise: Willis Towers Watson” on February 14, 2018. More interesting news about Willis Towers Watson Public Limited Company (NASDAQ:WLTW) were released by: Businessinsurance.com and their article: “Willis Towers Watson recruits new CFO” published on August 21, 2017 as well as Businessinsurance.com‘s news article titled: “Willis Towers Watson fourth-quarter revenue grows” with publication date: February 08, 2018.

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