BidaskClub Downgrades Walgreens Boots Alliance (NASDAQ:WBA) to Sell

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Walgreens Boots Alliance (NASDAQ:WBA) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

A number of other brokerages have also commented on WBA. Bank of America reaffirmed a “sell” rating and issued a $50.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, January 2nd. Cowen dropped their price target on Walgreens Boots Alliance from $60.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, February 10th. SunTrust Banks raised their price objective on Walgreens Boots Alliance from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Co lowered Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Mizuho reissued a “hold” rating and set a $59.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, January 9th. Six investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $57.33.

Shares of WBA stock opened at $45.67 on Friday. The stock has a fifty day moving average of $49.24 and a 200 day moving average of $54.63. Walgreens Boots Alliance has a 52 week low of $40.52 and a 52 week high of $64.50. The firm has a market capitalization of $40.09 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 1.34.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Wednesday, January 8th. The pharmacy operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.03). Walgreens Boots Alliance had a return on equity of 21.76% and a net margin of 2.69%. The business had revenue of $34.34 billion during the quarter, compared to analysts’ expectations of $34.45 billion. During the same period in the previous year, the business earned $1.46 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Walgreens Boots Alliance will post 5.84 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Islay Capital Management LLC purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth about $29,000. Americana Partners LLC purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth about $29,000. West Bancorporation Inc. purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth about $39,000. Simon Quick Advisors LLC raised its position in shares of Walgreens Boots Alliance by 79.0% in the 4th quarter. Simon Quick Advisors LLC now owns 716 shares of the pharmacy operator’s stock worth $42,000 after purchasing an additional 316 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth about $42,000. 59.20% of the stock is owned by hedge funds and other institutional investors.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: Bond

Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

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