Wolters Kluwer (OTCMKTS:WTKWY) Rating Lowered to Hold at Zacks Investment Research

Wolters Kluwer (OTCMKTS:WTKWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “WOLTERS KLUWER is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. “

Several other research firms also recently weighed in on WTKWY. Morgan Stanley restated an “overweight” rating on shares of Wolters Kluwer in a research note on Tuesday, July 27th. Barclays reiterated an “equal weight” rating on shares of Wolters Kluwer in a research note on Thursday, August 5th. Societe Generale reiterated a “hold” rating on shares of Wolters Kluwer in a research note on Thursday, August 5th. Credit Suisse Group restated an “outperform” rating on shares of Wolters Kluwer in a research note on Thursday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Wolters Kluwer in a report on Thursday, August 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $127.00.

Shares of Wolters Kluwer stock traded down $4.49 during midday trading on Tuesday, hitting $107.68. The company had a trading volume of 8,142 shares, compared to its average volume of 16,936. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.67 and a current ratio of 0.69. The stock has a market capitalization of $28.27 billion, a P/E ratio of 30.08, a P/E/G ratio of 3.97 and a beta of 0.54. The company has a 50 day moving average of $113.16 and a 200 day moving average of $101.17. Wolters Kluwer has a 52-week low of $77.49 and a 52-week high of $116.34.

Wolters Kluwer Company Profile

Wolters Kluwer NV engages in the provision of information, software solutions, and services for professionals in the health, tax and accounting, finance, risk and compliance, and legal sectors. It operates through the following segments: Health; Tax and Accounting; Governance, Risk and Compliance; and Legal and Regulatory.

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