Walgreens gets in early on healthy growth in China

Mae Love
December 7, 2017

Shares of OPK have downtrended -20.13% in the past three months, while the S&P 500 has moved -25% in that time. Deutsche Bank started coverage on shares of Walgreens Boots Alliance in a research note on Monday. Walgreens Boots Alliance had 46 analyst reports since August 24, 2015 according to SRatingsIntel. FinnCap maintained it with "Buy" rating and GBX 150 target in Thursday, November 23 report. Walgreens Boots Alliance now has a consensus rating of "Buy" and a consensus target price of $90.62. Needham & Company LLC reaffirmed a "buy" rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a research note on Saturday, September 16th. (NasdaqGS:WBA) for last month was 1.09178.

Taking a deeper dive into the numbers, Walgreens Boots Alliance (WBA) has a 50-day Moving Average of 70.32, the 200-day Moving Average is 79.07, and the 7-day is noted at 71.60. During the last 52 weeks, the price has been as high as $88 and as low as $63.82. The firm has a market capitalization of $70,879.76, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.27 and a beta of 1.22.

Walgreens Boots Alliance (WBA) now has a 14-day Commodity Channel Index (CCI) of -56.90. The pharmacy operator reported $1.36 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $1.36. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business's quarterly revenue was up 5.3% compared to the same quarter past year. During the same quarter in the prior year, the firm earned $1.31 EPS. Panmure Gordon maintained it with "Buy" rating and GBX 132 target in Monday, September 11 report. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator's stock worth $236,476,000 after purchasing an additional 154,995 shares during the period.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. This represents a $1.50 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance's payout ratio is now 42.33%. The average 1-year price target for (WBA) reveals an average price target of $84.96 per share. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Through this figure traders can analyze that WBA show whether or not a stock now most active and standing in buying side or sell side. The indicator, created by Marc Chaikin, is based on the theory that the strength of the market can be determined by looking at where the price closes compared to its daily range and volume. Following the completion of the transaction, the director now owns 16,415 shares in the company, valued at $1,105,878.55. The disclosure for this sale can be found here. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period. After having $1.31 EPS previously, Walgreens Boots Alliance, Inc.'s analysts see -3.82% EPS growth. The stock decreased 0.65% or $1.46 during the last trading session, reaching $223.49. Arrowstreet Capital Limited Partnership raised its position in shares of Walgreens Boots Alliance by 471.4% during the second quarter. 10 of them rate its stock a hold. Vanguard Group Inc. raised its position in shares of Walgreens Boots Alliance by 2.8% during the second quarter. (NASDAQ:WBA) rating on Tuesday, November 21. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator's stock valued at $2,727,932,000 after buying an additional 1,824,300 shares in the last quarter. Finally, Glenview Capital Management LLC acquired a new position in shares of Walgreens Boots Alliance during the second quarter valued at about $136,875,000.

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