In a report released today, Brian Nagel from Oppenheimer maintained a Hold rating on Weight Watchers International (WW). The company’s shares closed yesterday at $20.31, close to its 52-week low of $17.55.
Nagel wrote:
“Yesterday (May 2nd), after the market close, WW reported Q1 (Mar.) results. Shares of WW have underperformed meaningfully lately on indications of weaker than planned new member recruitment in early 2019. A close review of Q1 (Mar.) results and comments from management suggest clearly that while subscriber growth remains soft, trends later in the period stabilized and tracked better than subdued guidance. WW is by no means out of the woods. That said, we are encouraged that new marketing on the part of the company is resonating with core customers and helping to leverage an increasingly well built-out digital infrastructure. We continue to monitor WW closely.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 9.3% and a 65.7% success rate. Nagel covers the Services sector, focusing on stocks such as Capri Holdings Limited, Dick’s Sporting Goods, and Advance Auto Parts.
Weight Watchers International has an analyst consensus of Hold, with a price target consensus of $33.67, implying a 65.8% upside from current levels. In a report issued on May 1, B.Riley FBR also reiterated a Hold rating on the stock with a $22 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $105.73 and a one-year low of $17.55. Currently, Weight Watchers International has an average volume of 4.76M.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2019, Corinne Pollier-Bousquet, the Intl. President of WW sold 10,000 shares for a total of $191,700.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Weight Watchers International, Inc. engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe and Other. The North America segment consists of United States and Canada Company-owned operations.
