Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Free Report)’s share price dropped 5.6% on Tuesday after TD Cowen lowered their price target on the stock from $16.00 to $14.00. TD Cowen currently has a buy rating on the stock. Walgreens Boots Alliance traded as low as $9.84 and last traded at $9.86. Approximately 10,648,625 shares changed hands during trading, a decline of 38% from the average daily volume of 17,130,785 shares. The stock had previously closed at $10.45.
A number of other research firms have also weighed in on WBA. UBS Group upped their price objective on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd. Evercore ISI increased their target price on Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Bank of America dropped their target price on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a report on Wednesday, September 4th. Finally, Morgan Stanley dropped their target price on Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.21.
Check Out Our Latest Analysis on Walgreens Boots Alliance
Hedge Funds Weigh In On Walgreens Boots Alliance
Walgreens Boots Alliance Stock Down 6.9 %
The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -1.44, a P/E/G ratio of 1.37 and a beta of 0.70. The firm’s 50 day moving average price is $9.40 and its two-hundred day moving average price is $12.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.31.
Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last announced its earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The business had revenue of $37.50 billion during the quarter, compared to the consensus estimate of $35.75 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.57 earnings per share for the current fiscal year.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
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