Walgreens Boots Alliance (NASDAQ:WBA – Get Score) was upgraded by inventory analysts at StockNews.com from a “maintain” score to a “purchase” score in a analysis report issued on Friday.
A number of different analysis corporations have additionally issued experiences on WBA. Morgan Stanley lowered their goal value on Walgreens Boots Alliance from $43.00 to $39.00 and set an “underweight” score on the inventory in a report on Wednesday, July sixth. Barclays lowered their value goal on Walgreens Boots Alliance from $50.00 to $45.00 and set an “equal weight” score for the corporate in a analysis report on Friday, June twenty fourth. Cowen lowered their goal value on Walgreens Boots Alliance to $49.00 in a report on Thursday, June ninth. Deutsche Financial institution Aktiengesellschaft lowered their goal value on Walgreens Boots Alliance from $46.00 to $44.00 and set a “maintain” score for the corporate in a report on Friday, July 1st. Lastly, Credit score Suisse Group lowered their value goal on Walgreens Boots Alliance from $52.00 to $43.00 and set a “impartial” score for the corporate in a analysis word on Friday, July 1st. One equities analysis analyst has rated the inventory with a promote score, eight have issued a maintain score and one has given a purchase score to the corporate. Based on knowledge from MarketBeat, the inventory has a median score of “Maintain” and a consensus goal value of $46.25.
Walgreens Boots Alliance Value Efficiency
Walgreens Boots Alliance inventory opened at $38.24 on Friday. The agency has a market capitalization of $33.05 billion, a P/E ratio of 6.17, a PEG ratio of 1.67 and a beta of 0.60. Walgreens Boots Alliance has a 1 12 months low of $36.57 and a 1 12 months excessive of $55.00. The enterprise has a 50-day transferring common of $39.38 and a 200-day transferring common of $43.42. The corporate has a present ratio of 0.78, a fast ratio of 0.43 and a debt-to-equity ratio of 0.35.
Walgreens Boots Alliance (NASDAQ:WBA – Get Score) final launched its quarterly earnings outcomes on Thursday, June thirtieth. The pharmacy operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Walgreens Boots Alliance had a return on fairness of 16.20% and a web margin of 4.00%. The agency had income of $32.60 billion throughout the quarter, in comparison with the consensus estimate of $32.23 billion. Throughout the identical quarter within the prior 12 months, the agency posted $1.51 EPS. The enterprise’s income was down 4.2% on a year-over-year foundation. On common, equities analysts anticipate that Walgreens Boots Alliance will put up 5.02 EPS for the present 12 months.
Hedge Funds Weigh In On Walgreens Boots Alliance
Institutional traders and hedge funds have lately modified their holdings of the corporate. Rise Advisors LLC bought a brand new place in Walgreens Boots Alliance within the fourth quarter value about $27,000. Metropolis State Financial institution purchased a brand new place in Walgreens Boots Alliance within the fourth quarter value roughly $30,000. Iron Horse Wealth Administration LLC raised its stake in Walgreens Boots Alliance by 56.0% within the first quarter. Iron Horse Wealth Administration LLC now owns 635 shares of the pharmacy operator’s inventory value $28,000 after shopping for a further 228 shares within the final quarter. West Bancorporation Inc. purchased a brand new place in Walgreens Boots Alliance within the fourth quarter value roughly $34,000. Lastly, GoalVest Advisory LLC raised its stake in Walgreens Boots Alliance by 10,828.6% within the second quarter. GoalVest Advisory LLC now owns 765 shares of the pharmacy operator’s inventory value $29,000 after shopping for a further 758 shares within the final quarter. 57.02% of the inventory is at the moment owned by hedge funds and different institutional traders.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc operates as a pharmacy-led well being and wonder retail firm. It operates by way of two segments, america and Worldwide. The USA phase sells prescribed drugs and an assortment of retail merchandise, together with well being, wellness, magnificence, private care, consumable, and common merchandise merchandise by way of its retail drugstores.
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