Walgreens Boots Alliance (NASDAQ:WBA) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) in a research note issued on Friday. The firm set a "hold" rating on the pharmacy operator's stock.

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Several other equities research analysts have also weighed in on WBA. Truist Financial decreased their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and lowered their price target for the company from $11.00 to $9.00 in a research report on Friday, February 28th. Royal Bank of Canada raised their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 15th. Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a research note on Monday, February 24th. Finally, Bank of America raised their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.59.

Get Our Latest Report on Walgreens Boots Alliance

Walgreens Boots Alliance Price Performance

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WBA opened at $10.69 on Friday. The firm's fifty day moving average price is $10.73 and its two-hundred day moving average price is $10.05. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of -1.04, a P/E/G ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. Walgreens Boots Alliance has a 1 year low of $8.08 and a 1 year high of $18.83.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.10. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The business had revenue of $38.59 billion for the quarter, compared to analyst estimates of $37.90 billion. During the same period last year, the company posted $1.20 earnings per share. Walgreens Boots Alliance's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that Walgreens Boots Alliance will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

• Walgreens Boots Alliance: Don’t Write Off This Asset Champ Yet

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC bought a new position in shares of Walgreens Boots Alliance in the first quarter worth approximately $27,000. First Financial Corp IN grew its holdings in Walgreens Boots Alliance by 49.2% in the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock worth $25,000 after acquiring an additional 885 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at about $26,000. Riverview Trust Co raised its stake in shares of Walgreens Boots Alliance by 123.8% during the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock valued at $27,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Colonial Trust Co SC boosted its holdings in shares of Walgreens Boots Alliance by 79.5% during the fourth quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock worth $27,000 after purchasing an additional 1,297 shares during the period. 58.59% of the stock is owned by institutional investors.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.

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