Is Weight Watchers International, Inc. (WTW) a Buy? The Stock Formed Double Top Chart Pattern

November 15, 2017 - By Stephen Andrade

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.21, from 0.94 in 2017Q1. It improved, as 26 investors sold Weight Watchers International, Inc. shares while 41 reduced holdings. 42 funds opened positions while 35 raised stakes. 56.39 million shares or 2.38% more from 55.08 million shares in 2017Q1 were reported.
Credit Suisse Ag has 0% invested in Weight Watchers International, Inc. (NYSE:WTW). Voya Mngmt Ltd invested in 0% or 13,138 shares. Bank Of Montreal Can invested in 26,650 shares. Sanctuary Wealth Advsr Limited Liability Com accumulated 129,718 shares. Goldman Sachs Group holds 136,449 shares. Ahl Prtn Ltd Liability Partnership accumulated 16,801 shares. Group One Trading Ltd Partnership reported 249,828 shares or 0.09% of all its holdings. Usa Fincl Portformulas stated it has 0.21% in Weight Watchers International, Inc. (NYSE:WTW). Moreover, Aperio Lc has 0% invested in Weight Watchers International, Inc. (NYSE:WTW) for 10,774 shares. Convergence Invest Prtnrs Ltd Llc stated it has 41,010 shares or 0.2% of all its holdings. Morgan Stanley invested 0% of its portfolio in Weight Watchers International, Inc. (NYSE:WTW). 224,805 were accumulated by Geode Mngmt Ltd. Swiss Bankshares accumulated 0% or 47,100 shares. Citigroup reported 31,507 shares. 9.59 million were reported by Fmr Limited Liability Com.

Since May 23, 2017, it had 1 buy, and 1 insider sale for $145,927 activity. 6,600 shares were sold by Pollier-Bousquet Corinne, worth $169,939.

The chart of Weight Watchers International, Inc. (WTW) shows a double top with $47.03 target or 7.00 % above today’s $43.95 share price. The 7 months chart pattern indicates low risk for the $2.85B company. It was reported on Nov, 15 by Finviz.com. If the $47.03 price target is reached, the company will be worth $199.50 million more. Double tops are rare but powerful chart patterns.

About 201 shares traded. Weight Watchers International, Inc. (NYSE:WTW) has risen 100.08% since November 15, 2016 and is uptrending. It has outperformed by 83.38% the S&P500.

Investors wait Weight Watchers International, Inc. (NYSE:WTW) to report on February, 27. its quarterly earnings Wall Street analysts expect $0.31 earnings per share, up $0.12 or 63.16 % from last year’s $0.19 same quarter earnings. This translates into $20.10 million profit for WTW giving the stock a 35.44 P/E. This is assuming the current $0.31 EPS is accurate. Weight Watchers International, Inc.’s Wall Street analysts see -52.31 % negative EPS growth, taking into account the $0.65 EPS reproted in the previous quarter,

Weight Watchers International, Inc. (NYSE:WTW) Ratings Coverage

Among 5 analysts covering Weight Watchers International (NYSE:WTW), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Weight Watchers International had 16 analyst reports since August 8, 2015 according to SRatingsIntel. On Tuesday, May 30 the stock rating was downgraded by Sidoti to “Hold”. The firm has “Equal-Weight” rating given on Tuesday, October 20 by Barclays Capital. The rating was downgraded by Morgan Stanley on Friday, December 16 to “Underweight”. The rating was maintained by Craig Hallum on Tuesday, November 7 with “Buy”. The stock of Weight Watchers International, Inc. (NYSE:WTW) earned “Equal-Weight” rating by Barclays Capital on Friday, February 26. Sidoti initiated the stock with “Buy” rating in Tuesday, May 24 report. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, October 21 report. Morgan Stanley upgraded it to “Equal Weight” rating and $6 target in Wednesday, August 19 report. The stock of Weight Watchers International, Inc. (NYSE:WTW) has “Buy” rating given on Tuesday, September 15 by Craig Hallum. The rating was maintained by Sidoti on Wednesday, January 4 with “Buy”.

More notable recent Weight Watchers International, Inc. (NYSE:WTW) news were published by: Nasdaq.com which released: “Weight Watchers (WTW) to Issue $500M Senior Notes Due 2025” on November 14, 2017, also Moodys.com with their article: “Moody’s rates Weight Watchers notes at B3” published on November 13, 2017, Investorplace.com published: “Oprah’s Loss Is Weight Watchers International, Inc. Stock’s Gain” on November 09, 2017. More interesting news about Weight Watchers International, Inc. (NYSE:WTW) were released by: Seekingalpha.com and their article: “Weight Watchers: Too Soon To Sell” published on November 08, 2017 as well as Seekingalpha.com‘s news article titled: “Weight Watchers: Join The Healthy Free Cash Flow Company” with publication date: October 30, 2017.

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