Walgreens Boots Alliance Inc. (NASDAQ: WBA) is -10.89% lower on its value in year-to-date trading and has touched a low of $30.39 and a high of $48.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WBA stock was last observed hovering at around $33.57 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $41.00 for the next 12 months. It is also 38.35% off the consensus price target high of $54.00 offered by 19 analysts, but current levels are 7.53% higher than the price target low of $36.00 for the same period.
Currently trading at $33.29, the stock is -6.16% and -7.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.07 million and changing -0.83% at the moment leaves the stock -11.38% off its SMA200. WBA registered -29.83% loss for a year compared to 6-month loss of -9.12%.
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The stock witnessed a -8.92% gain in the last 1 month and extending the period to 3 months gives it a -17.66%, and is -2.49% 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 2.60% over the week and 2.00% over the month.
Walgreens Boots Alliance Inc. (WBA) has around 200000 employees, a market worth around $28.74B and $132.18B in sales. Fwd P/E is 6.90. Profit margin for the company is -2.20%. Distance from 52-week low is 9.54% and -31.53% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).
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”. 19 analysts offering their recommendations for the stock have an average rating of 2.90, where 13 rate it as a Hold and 1 think it is a “Overweight”. 3 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 06/29/2023.The EPS is expected to grow by 117.60% this year.
Walgreens Boots Alliance Inc. (WBA) Top Institutional Holders
The shares outstanding are 863.60M, and float is at 714.48M with Short Float at 4.37%.
Walgreens Boots Alliance Inc. (WBA) Insider Activity
A total of 38 insider transactions have happened at Walgreens Boots Alliance Inc. (WBA) in the last six months, with sales accounting for 20 and purchases happening 18 times. The most recent transaction is an insider sale by Walgreens Boots Alliance, Inc.,the company’s10% Owner. SEC filings show that Walgreens Boots Alliance, Inc. sold 15,475,166 shares of the company’s common stock on Mar 01 at a price of $30.30 per share for a total of $468.9 million. Following the sale, the insider now owns 10.77 million shares.
Walgreens Boots Alliance Inc. disclosed in a document filed with the SEC on Dec 08 that Walgreens Boots Alliance, Inc. (10% Owner) sold a total of 5,961,534 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $165.08 per share for $984.13 million. Following the transaction, the insider now directly holds 33.66 million shares of the WBA stock.
Still, SEC filings show that on Nov 18, Ban Kevin M. (EVP, Chief Medical Officer) disposed off 10,303 shares at an average price of $40.19 for $0.41 million. The insider now directly holds 27,916 shares of Walgreens Boots Alliance Inc. (WBA).
Walgreens Boots Alliance Inc. (WBA): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading -34.80% down over the past 12 months and CVS Health Corporation (CVS) that is -26.97% lower over the same period. McKesson Corporation (MCK) is 19.65% up on the 1-year trading charts.