Walgreens Boots Alliance Inc. (WBA) Analysis & Opinions from Experts

Walgreens Boots Alliance Inc. (NASDAQ: WBA) is -35.52% lower on its value in year-to-date trading and has touched a low of $36.65 and a high of $64.50 in the current 52-week trading range. The WBA stock was last observed hovering at around $38.76 in the last trading session, with the day’s loss setting it -0.74% off its average median price target of $42.50 for the next 12 months. It is also 17.35% off the consensus price target high of $46.00 offered by 22 analysts, but current levels are -2.76% lower than the price target low of $37.00 for the same period.

Currently trading at $38.02, the stock is -6.36% and -7.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.92 million and changing -1.91% at the moment leaves the stock -19.89% off its SMA200. WBA registered -25.73% loss for a year compared to 6-month loss of -17.56%. The firm has a 50-day simple moving average (SMA 50) of $40.59 and a 200-day simple moving average (SMA200) of $43.20.

The stock witnessed a -6.61% gain in the last 1 month and extending the period to 3 months gives it a -12.70%, and is -4.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 2.50% over the month.

Walgreens Boots Alliance Inc. (WBA) has around 232000 employees, a market worth around $33.44B and $138.74B in sales. Current P/E ratio is 46.59 and Fwd P/E is 7.30. Profit margin for the company is 0.50%. Distance from 52-week low is 3.74% and -41.05% from its 52-week high. The company has generated returns on investments over the last 12 months (10.90%).

Walgreens Boots Alliance Inc. (WBA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Walgreens Boots Alliance Inc. (WBA) is a “Hold”. 22 analysts offering their recommendations for the stock have an average rating of 3.10, where 19 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Walgreens Boots Alliance Inc. is expected to release its quarterly report on 11/03/2020 and quarterly earnings per share for the current quarter are estimated at $0.97 with sales reaching $34.54B over the same period.The EPS is expected to shrink by -12.40% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.

Walgreens Boots Alliance Inc. (WBA) Top Institutional Holders

1,729 institutions hold shares in Walgreens Boots Alliance Inc. (WBA), with 192.79M shares held by insiders accounting for 22.25% while institutional investors hold 77.96% of the company’s shares. The shares outstanding are 875.40M, and float is at 718.11M with Short Float at 2.44%. Institutions hold 60.61% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 60.62 million shares valued at $2.57 billion. The investor’s holdings represent 7.00% of the WBA Shares outstanding. As of Jun 29, 2020, the second largest holder is Blackrock Inc. with 52.28 million shares valued at $2.22 billion to account for 6.03% of the shares outstanding. The other top investors are State Street Corporation which holds 45.33 million shares representing 5.23% and valued at over $1.92 billion, while Caisse De Depot Et Placement Du Quebec holds 1.86% of the shares totaling 16.12 million with a market value of $683.18 million.

Walgreens Boots Alliance Inc. (WBA) Insider Activity

A total of 1 insider transactions have happened at Walgreens Boots Alliance Inc. (WBA) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Pagni Marco Patrick Anthony, the company’s EVP, Global CAO and GC. SEC filings show that Pagni Marco Patrick Anthony sold 234,355 shares of the company’s common stock on Nov 05 at a price of $63.16 per share for a total of $14.8 million. Following the sale, the insider now owns 13844.0 shares.

Walgreens Boots Alliance Inc. (WBA): Who are the competitors?

The company’s main competitors (and peers) include PetMed Express Inc. (PETS) that is trading 120.00% up over the past 12 months. Short interest in the company’s stock has risen 0.11% from the last report on Jul 14, 2020 to stand at a total of 17.52 million short shares sold with a short interest ratio of 3.16.