What are analysts'price targets for Walgreens Boots Alliance's stock?
19 analysts have issued twelve-month price targets for Walgreens Boots Alliance's shares. Their predictions range from $49.00 to $94.00. On average, they expect Walgreens Boots Alliance's stock price to reach $62.19 in the next year.
How has Walgreens’ stock performed over the last one year?
The stock price of Walgreens (NASDAQ: WBA) has seen a 4.4% rise in yesterday’s trading session, while it is up 38% over the last one year, outperforming the broader markets, with the S&P500 rising 28%.
Will Walgreens Boots underperform the market in the near term?
The stock price of Walgreens Boots Alliance (NASDAQ:WBA) has seen a 5% drop over the last five trading days, and we believe that the stock will underperform the broader markets in the near term. Much of the recent decline came on May 26, after reports of Amazon (NASDAQ:AMZN) eyeing brick and mortar pharmacy stores.
Should you buy Walgreens Boots Alliance (Walgreens) stock?
11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Walgreens Boots Alliance in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Walgreens Boots Alliance stock.
What sector is Walgreens stock in?
Consumer StaplesKey DataLabelValueExchangeNASDAQ-GSSectorConsumer StaplesIndustryRetail-Drug Stores and Proprietary Stores1 Year Target$48.0014 more rows
Is Walgreens on the NYSE?
Deerfield, Ill. The company will voluntarily withdraw its common stock from listing on both the New York Stock Exchange (NYSE) and the Chicago Stock Exchange (CHX). Upon completion of the merger, holders of Walgreens common stock will have the right to receive shares of Walgreens Boots Alliance.
What type of market is Walgreens?
Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company.
Does Walgreens trade publicly?
Walgreens became a subsidiary of the new company, which retains its Deerfield headquarters and trades on the Nasdaq under the symbol WBA.
What is the new ticker symbol for Walgreens?
Walgreens, which currently trades on both the New York Stock Exchange and Nasdaq under the “WAG” ticker symbol said it will list the shares of the new holding company, Walgreens Boots Alliance, Inc., under the ticker symbol “WBA” following closing of “reorganization of Walgreens into a holding company” as part of the ...
How can I buy Walgreens stock?
How to buy shares in Walgreens Boots AllianceCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
What company owns Walgreens?
Walgreens Boots AllianceWalgreens / Parent organization
What stock sector is CVS?
Health CareKey DataLabelValueExchangeNYSESectorHealth CareIndustryManaged Health Care1 Year Target$119.0014 more rows
What is Walgreens marketing strategy?
The promotional and advertising strategy in the Walgreens marketing strategy is as follows: Walgreens has promoted medication called "from our site to your doorstep" and making out best campaigns like make your hard-earned money find the right way.
Is Walgreens owned by Walmart?
Walgreens is not owned by Walmart. Though in the United States, both Walmart and Walgreens are major pharmacy chains. Both the companies are similar in many ways, including the size, geographical scope, and business strategies.
Are CVS and Walgreens owned by the same company?
No, they are not owned by the same person. Walgreens is under the Walgreens Boots Alliance while CVS comes under CVS Health.
Where is Walgreens on the Fortune 500?
Our annual ranking of America's largest corporationsRankCompany500 rank1CVS Caremark182Kroger233Walgreen32
How much did Walgreens revenue grow in 2020?
Some of the 31% decline of the last 2 years or so is justified, given the company’s lackluster fundamentals. Walgreens’ total revenue grew 6% to $139.5 billion in fiscal 2020 (fiscal ends in August), as compared to $131.5 billion in 2018.
How much does a Walgreens test cost?
The test is priced at $23.99 and can be purchased without a prescription. While there is a rise in vaccinations in the U.S., with 40% of the population receiving at least one dose of a vaccine, the demand for testing is expected to remain high in the near term, boding well for Walgreens’ business.
Is Walgreens benefiting from cost management?
In the near term, Walgreens will benefit from its cost management program, under which it has closed several of its outlets for better store optimization both in the U.S. and U.K., and improved its IT capabilities aimed to expand its margins.
Does Walgreens have a peer?
Walgreens’ peer – CVS Health – has been working on enhancing its offerings at its stores with more health care services, and it is also more diversified with the Aetna acquisition. Even Walgreens has been working to open around 500 community clinics over the coming years.
Does Walgreens have a lower margin?
On the other hand, Walgreens along with other pharmacies, has seen a sharp increase in home delivery orders, though that business is subject to added shipping costs, implying lower margins.
How much did Walgreens Boots Alliance make in the quarter?
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced its quarterly earnings results on Wednesday, June, 30th. The pharmacy operator reported $1.38 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.21. The pharmacy operator earned $34.03 billion during the quarter, compared to analyst estimates of $33.47 billion.
What is the dividend payout ratio for Walgreens Boots Alliance?
Based on earnings estimates, Walgreens Boots Alliance will have a dividend payout ratio of 36.38% next year. This indicates that Walgreens Boots Alliance will be able to sustain or increase its dividend. View Walgreens Boots Alliance's dividend history.
Is Walgreens Boots Alliance a hold?
Wall Street analysts have given Walgreens Boots Alliance a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Walgreens Boots Alliance wasn't one of them.
Is WBA a dividend payer?
WBA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Walgreens Boots Alliance has been increasing its dividend for 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend.
Sector rotation remains strong
Gordon Scott has been an active investor and technical analyst of securities, futures, forex, and penny stocks for 20+ years. He is a member of the Investopedia Financial Review Board and the co-author of Investing to Win. Gordon is a Chartered Market Technician (CMT). He is also a member of CMT Association.
Inside the Consumer Staples Sector
Consumer staples refers to a set of essential products by consumers. This category includes things like food and beverages, household goods, hygiene products, and even alcohol and tobacco. These goods are products that people are unable—or unwilling—to cut out of their budgets regardless of their financial situation.
Price Action and Options Look
An analysis of recent option activity combined with technical analysis of share price movement can help chart watchers gain valuable insight into the overall sentiment toward Walgreens stock. The chart below illustrates the recent price action for the Walgreens share price as of Thursday, Jan. 6.
Wrapping Up
Walgreens Boots Alliance beat analysts' EPS and revenue expectations. While the company raised forecasts for the year, the share price fell 2.89% the day the company reported earnings, as investors were concerned with increasing labor costs.
