Economy

Walgreens Boots Alliance, Inc. (WBA) Stock Rating Lowered by Zacks Investment Research

Walgreens Boots Alliance, Inc. (WBA) Stock Rating Lowered by Zacks Investment Research”

Now we will discuss the financial strength of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) that has shown a discernible change in trend levels over the path of recent market activity. The firm now has a hold rating on the pharmacy operator's stock.

Several other analysts have also recently commented on WBA. Zacks upgraded Walgreens Boots Alliance Inc (NASDAQ:WBA) rating on Tuesday, September 1. (The) reaffirmed a neutral rating and issued a $77.00 price target (down previously from $89.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc.

Among 18 analysts covering Walgreens Boots Alliance (NASDAQ:WBA), 12 have Buy rating, 1 Sell and 5 Hold. Walgreens Boots Alliance had 39 analyst reports since August 24, 2015 according to SRatingsIntel. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Walgreens Boots Alliance now has a consensus rating of "Buy" and a consensus price target of $90.18.

Shares of Walgreens Boots Alliance (NASDAQ:WBA) opened at 67.74 on Friday. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 17.12 and a beta of 1.25. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) earned "Outperform" rating by Wells Fargo on Monday, October 31. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in WBA's price. "Analysts" was published by BBNS and is owned by of BBNS. If you are viewing this story on another publication, it was copied illegally and republished in violation of U.S. & worldwide trademark and copyright legislation. The firm owned 7,405 shares of the pharmacy operator's stock after selling 348 shares during the period. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

In other news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,039,660.00.

The last closing stock price represents a downfall of -23.02% in price from company's fifty two-Week high price and indicates a 1.23% above from its 52-Week low price. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.50% of the company's stock. Fulton Bank N.A. grew its stake in Walgreens Boots Alliance by 18.8% in the 3rd quarter. Capital World Investors now owns 19,625,115 shares of the pharmacy operator's stock valued at $1,634,183,000 after buying an additional 2,028,252 shares in the last quarter. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since October 20, 2016 and is uptrending. State Street Corp grew its position in shares of Walgreens Boots Alliance by 1.8% during the 1st quarter. Quantbot Technologies LP's holdings in Walgreens Boots Alliance were worth $596,000 at the end of the most recent quarter. TIAA CREF Investment Management LLC grew its position in shares of Walgreens Boots Alliance by 22.4% during the 1st quarter.

Shares of Walgreens Boots Alliance Inc. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator's stock worth $107,000 after purchasing an additional 100 shares during the last quarter. IBM Retirement Fund grew its position in shares of Walgreens Boots Alliance by 88.1% in the 2nd quarter. Institutional investors and hedge funds own 60.14% of the company's stock.

The market capitalization of Walgreens Boots Alliance, Inc.is at $74.03 Billion. The Company is a global pharmacy-led, health and wellbeing enterprise. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.



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