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Walgreens Boots Alliance Inc (WBA) Given Consensus Rating of "Buy" by Analysts

15 February 2018

Walgreens already owns a 26 percent stake in Amerisource, including a representative on its board.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Finally, BidaskClub raised Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a research note on Wednesday, January 10th. According to their observations and findings, the stock could provide a high EPS of $1.66/share and a low EPS of $1.45/share. Northern Capital Management LLC boosted its stake in shares of Walgreens Boots Alliance by 0.4% during the second quarter.

AmerisourceBergen shares were up 12 percent in early trading, while Walgreens shares were up 1.4 percent. In January this year, Walgreens has stated a decline in its retail same-store revenues for the sixth straight quarter and a dip in its gross income from the US business. Zions Bancorporation now owns 1,365 shares of the pharmacy operator's stock worth $105,000 after buying an additional 1,239 shares during the last quarter. This means that analysts are more bullish on the outlook for WBA stocks.

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Analysts assigned consensus rating of 2.5.

Per a report in The Wall Street Journal, Walgreens Boots Alliance, Inc. Robert W. Baird reissued an "outperform" rating and set a $80.00 target price (down previously from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. Analyst's mean target price for WBA is $86.13 while analysts mean recommendation is 2.20. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $84.12.

Trend Direction of Walgreens Boots Alliance, Inc. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47.

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A potential acquisition of drug distributor AmerisourceBergen by Walgreens Boots Alliance is right in line with CEO Stefano Pessina's past moves, analysts say, which would add another piece to the global pharmacy empire the Italian billionaire helped assemble. (NASDAQ:WBA) opened at 67.56 on Friday. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.27 by $0.01.

The company's Average Revenue Estimate for the current quarter is $34.14 Billion, while Low and High Revenue Estimates are $32.78 Billion and $35.94 Billion respectively. Walgreens Boots Alliance's revenue was up 7.9% compared to the same quarter last year. research analysts anticipate that Walgreens Boots Alliance will post 5.71 earnings per share for the current fiscal year. Shareholders of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 annualized dividend and a yield of 2.34%. Walgreens Boots Alliance's payout ratio is now 44.20%. The volume of 6.78 Million shares climbed up over an trading activity of 6.14 Million shares. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. It gives the investors the idea on the company's financial leverage, measured by apportioning Walgreens Boots Alliance, Inc.'s total liabilities by its stockholders equity. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Now investors want to know the actual market worth of the company in the Stock Market.

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