Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Receives Average Recommendation of “Reduce” from Analysts

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Free Report) have been assigned a consensus rating of “Reduce” from the fifteen research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.58.

WBA has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Monday, October 7th. Evercore ISI increased their price target on Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada dropped their target price on Walgreens Boots Alliance from $13.00 to $9.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley reduced their price target 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.

Check Out Our Latest Research Report on Walgreens Boots Alliance

Institutional Investors Weigh In On Walgreens Boots Alliance

A number of hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its position in Walgreens Boots Alliance by 8,670.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 3,208 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance in the 3rd quarter valued at $30,000. Eastern Bank bought a new stake in Walgreens Boots Alliance during the 3rd quarter valued at $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Walgreens Boots Alliance during the second quarter worth $34,000. Finally, Brooklyn Investment Group bought a new position in shares of Walgreens Boots Alliance in the third quarter valued at $35,000. 58.59% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Stock Down 1.5 %

NASDAQ WBA opened at $9.19 on Friday. The business has a fifty day moving average price of $9.21 and a two-hundred day moving average price of $10.14. The stock has a market capitalization of $7.94 billion, a PE ratio of -0.92, a PEG ratio of 1.36 and a beta of 0.66. Walgreens Boots Alliance has a fifty-two week low of $8.08 and a fifty-two week high of $26.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37.

Walgreens Boots Alliance (NASDAQ:WBAGet Free Report) last announced its quarterly earnings data 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. The business had revenue of $37.50 billion during the quarter, compared to the consensus estimate of $35.75 billion. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. Walgreens Boots Alliance’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Equities analysts expect that Walgreens Boots Alliance will post 1.53 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. Walgreens Boots Alliance’s payout ratio is currently -9.99%.

About Walgreens Boots Alliance

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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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Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

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