Auriga Maintains a 'Hold' on Weight Watchers (WTW); Dutch Tender Completed
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Price: $264.52 +0.58%
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Auriga maintains a 'Hold' on Weight Watchers (NYSE: WTW) price target cut $1 to $88.
Auriga analyst said, "Weight Watchers completed its Dutch tender Thursday evening, repurchasing over 18 million shares from investors as well as from majority owner Artal, for a combined $1.5 billion. The purchase price was $82 per share, which was towards the upper end of the $72-$83 tender price range. We had previously estimated an $80 tender price in our model. With the higher price, we've adjusted our model to reflect slightly fewer shares repurchased than expected and have reduced our estimates by $0.04 to $4.92 and $5.86 for FY12 and FY13, respectively."
For an analyst ratings summary and ratings history on Weight Watchers click here. For more ratings news on Weight Watchers click here.
Shares of Weight Watchers closed at $78.84 yesterday.
Auriga analyst said, "Weight Watchers completed its Dutch tender Thursday evening, repurchasing over 18 million shares from investors as well as from majority owner Artal, for a combined $1.5 billion. The purchase price was $82 per share, which was towards the upper end of the $72-$83 tender price range. We had previously estimated an $80 tender price in our model. With the higher price, we've adjusted our model to reflect slightly fewer shares repurchased than expected and have reduced our estimates by $0.04 to $4.92 and $5.86 for FY12 and FY13, respectively."
For an analyst ratings summary and ratings history on Weight Watchers click here. For more ratings news on Weight Watchers click here.
Shares of Weight Watchers closed at $78.84 yesterday.
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