Walgreens Boots Alliance (NASDAQ:WBA) Trading 0.2% Higher – Should You Buy?

by · The Cerbat Gem

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Free Report) were up 0.2% on Wednesday . The company traded as high as $9.17 and last traded at $9.10. Approximately 3,855,753 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 16,354,463 shares. The stock had previously closed at $9.08.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Truist Financial reduced their target price on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research note on Monday. TD Cowen reduced their target price on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Barclays reduced their target price on Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 23rd. Finally, Evercore ISI reduced their target price on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.46.

Check Out Our Latest Research Report on Walgreens Boots Alliance

Walgreens Boots Alliance Price Performance

The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of -1.34, a PEG ratio of 1.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.65. The company has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $13.58.

Hedge Funds Weigh In On Walgreens Boots Alliance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scientech Research LLC acquired a new position in Walgreens Boots Alliance in the 2nd quarter valued at $1,215,000. Syon Capital LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at $333,000. Ariel Investments LLC increased its stake in shares of Walgreens Boots Alliance by 10.8% in the 2nd quarter. Ariel Investments LLC now owns 2,038,878 shares of the pharmacy operator’s stock valued at $24,660,000 after purchasing an additional 198,891 shares during the last quarter. Clifford Capital Partners LLC increased its stake in shares of Walgreens Boots Alliance by 58.4% in the 2nd quarter. Clifford Capital Partners LLC now owns 803,204 shares of the pharmacy operator’s stock valued at $9,715,000 after purchasing an additional 296,135 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at $297,000. 58.59% of the stock is owned by institutional investors and hedge funds.

About Walgreens Boots Alliance

(Get Free Report)

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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