At the time of writing, Walgreens Boots Alliance Inc [WBA] stock is trading at $21.54, up 1.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WBA shares have gain 4.66% over the last week, with a monthly amount drifted -4.44%, and not seem to be holding up well over a long-time horizon.
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On 8, March 2024, 6 Takeaways From WBA’s Healthy Communities Day. In a post published today on Yahoo Finance, WBA leaders, team members, partners and suppliers came together in a shared commitment to people and the planet.
From an analyst’s perspective:
Walgreens Boots Alliance Inc [NASDAQ: WBA] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Market Perform rating and assigned the stock a price target of $23. Previously, HSBC Securities downgraded its rating to Reduce on February 20, 2024. On January 03, 2024, Barclays initiated with a Underweight rating and assigned a price target of $21 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $27 on December 22, 2023. JP Morgan upgraded its rating to a Overweight and raised its price target to $30 on October 23, 2023. Morgan Stanley reiterated a Underweight rating for this stock on July 03, 2023, and downed its price target to $27. In a note dated June 28, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $46 to $34.
For the past year, the stock price of Walgreens Boots Alliance Inc fluctuated between $19.68 and $36.58. Currently, Wall Street analysts expect the stock to reach $43.5 within the next 12 months. Walgreens Boots Alliance Inc [NASDAQ: WBA] shares were valued at $21.54 at the most recent close of the market. An investor can expect a potential return of 101.95% based on the average WBA price forecast.
Analyzing the WBA fundamentals
According to Walgreens Boots Alliance Inc [NASDAQ:WBA], the company’s sales were 142.41B for trailing twelve months, which represents an 9.96% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.14 points at the first support level, and at 20.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.87, and for the 2nd resistance point, it is at 22.20.
Walgreens Boots Alliance Inc [WBA] reported earnings per share of $0.66 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.61/share, meaning a difference of $0.05 and a surprise factor of 8.20%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.67 per share as compared to estimates of $0.69 per share, a difference of -$0.02 representing a surprise of -2.90%.
Ratios To Look Out For
It is important to note that Walgreens Boots Alliance Inc [NASDAQ:WBA] has a current ratio of 0.66. Also, the Quick Ratio is 0.30, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 32.40.
Transactions by insiders
Recent insider trading involved Walgreens Boots Alliance, Inc., 10% Owner, that happened on Feb 07 ’24 when 4.21 million shares were sold. Director, JARRETT VALERIE B completed a deal on Jan 29 ’24 to buy 4456.0 shares. Meanwhile, Director SCHLICHTING NANCY M sold 15209.0 shares on Jan 16 ’24.
