Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Get Free Report) traded up 12.6% on Tuesday . The stock traded as high as $10.87 and last traded at $10.92. 11,188,442 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 26,082,805 shares. The stock had previously closed at $9.70.
Several equities analysts have recently weighed in on the company. Jefferies Financial Group decreased their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Truist Financial reduced their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, January 31st. TD Cowen reduced their price target on Walgreens Boots Alliance from $16.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 15th. Finally, Bank of America lifted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a report on Monday, January 13th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.19.
Check Out Our Latest Stock Report on WBA
The firm's fifty day moving average price is $10.33 and its two-hundred day moving average price is $9.71. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of -1.08, a price-to-earnings-growth ratio of 1.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30.
Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in WBA. Brooklyn Investment Group raised its holdings in shares of Walgreens Boots Alliance by 21.1% in the 4th quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator's stock worth $44,000 after acquiring an additional 830 shares during the last quarter. First Financial Corp IN raised its holdings in shares of Walgreens Boots Alliance by 49.2% in the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock worth $25,000 after acquiring an additional 885 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Walgreens Boots Alliance by 4.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,215 shares of the pharmacy operator's stock worth $226,000 after acquiring an additional 1,063 shares during the last quarter. Lincluden Management Ltd. raised its holdings in shares of Walgreens Boots Alliance by 0.4% in the 3rd quarter. Lincluden Management Ltd. now owns 264,644 shares of the pharmacy operator's stock worth $2,371,000 after acquiring an additional 1,074 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of Walgreens Boots Alliance by 9.2% in the 4th quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator's stock worth $120,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.
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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