Walgreens Boots Alliance (NASDAQ:WBA) Price Target Raised to $8.50 at Bank of America

Walgreens Boots Alliance (NASDAQ:WBA) had its price target increased by research analysts at Bank of America from $7.50 to $8.50 in a report issued on Monday,Benzinga reports. The firm presently has an “underperform” rating on the pharmacy operator’s stock. Bank of America‘s target price points to a potential downside of 27.72% from the company’s previous close.

WBA has been the subject of several other research reports. Jefferies Financial Group decreased their price objective on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. TD Cowen decreased their price objective on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Evercore ISI raised their price objective on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. UBS Group lifted their price target on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus price target of $12.65.

Walgreens Boots Alliance Trading Up 27.5 %

WBA opened at $11.76 on Monday. The firm has a market cap of $10.15 billion, a P/E ratio of -1.17, a P/E/G ratio of 1.36 and a beta of 0.64. Walgreens Boots Alliance has a 12 month low of $8.08 and a 12 month high of $24.93. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $9.26 and a 200 day moving average of $9.81.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.13. The business had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, research analysts forecast that Walgreens Boots Alliance will post 1.53 EPS for the current year.

Hedge Funds Weigh In On Walgreens Boots Alliance

A number of large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its stake in Walgreens Boots Alliance by 4.4% in the third quarter. Sequoia Financial Advisors LLC now owns 25,215 shares of the pharmacy operator’s stock worth $226,000 after buying an additional 1,063 shares in the last quarter. Lincluden Management Ltd. grew its holdings in Walgreens Boots Alliance by 0.4% in the third quarter. Lincluden Management Ltd. now owns 264,644 shares of the pharmacy operator’s stock worth $2,371,000 after purchasing an additional 1,074 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Walgreens Boots Alliance by 9.2% in the fourth quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator’s stock worth $120,000 after purchasing an additional 1,084 shares during the last quarter. OLD Second National Bank of Aurora grew its holdings in Walgreens Boots Alliance by 35.1% in the third quarter. OLD Second National Bank of Aurora now owns 4,562 shares of the pharmacy operator’s stock worth $41,000 after purchasing an additional 1,185 shares during the last quarter. Finally, PFG Investments LLC grew its holdings in Walgreens Boots Alliance by 3.8% in the third quarter. PFG Investments LLC now owns 33,916 shares of the pharmacy operator’s stock worth $304,000 after purchasing an additional 1,245 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

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.