Walgreens Boots Alliance Inc [WBA] stock prices are down -0.06% to $17.63 at the moment. 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 lost -2.16% over the last week, with a monthly amount drifted -14.79%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Walgreens Boots Alliance Inc [WBA] has been fluctuating between $17.53 and $36.14 over the past year. Currently, Wall Street analysts expect the stock to reach $34.36 within the next 12 months. Walgreens Boots Alliance Inc [NASDAQ: WBA] shares were valued at $17.63 at the most recent close of the market. An investor can expect a potential return of 94.9% based on the average WBA price forecast.
Analyzing the WBA fundamentals
The Walgreens Boots Alliance Inc [NASDAQ:WBA] reported sales of 144.60B for trailing twelve months, representing a surge of 6.28%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.27 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 17.49 points at the first support level, and at 17.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.82, and for the 2nd resistance point, it is at 18.00.
Ratios To Look Out For
It’s worth pointing out that Walgreens Boots Alliance Inc [NASDAQ:WBA]’s Current Ratio is 0.66. Also, the Quick Ratio is 0.32, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 1.13.
Transactions by insiders
Recent insider trading involved Bhandari Inderpal S, Director, that happened on Apr 11 ’24 when 3000.0 shares were purchased. EVP and Global CFO, Mahajan Manmohan completed a deal on Apr 02 ’24 to buy 6000.0 shares. Meanwhile, 10% Owner Walgreens Boots Alliance, Inc. sold 4.21 million shares on Feb 07 ’24.
