Saturday, February 27, 2021

Market Analysts see Walgreens Boots Alliance Inc. [WBA] falling to $44. Time to buy?

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Walgreens Boots Alliance Inc. [NASDAQ: WBA] gained 2.22% or 0.91 points to close at $41.91 with a heavy trading volume of 5672556 shares. The company report on July 29, 2020 that Walgreens Honors Teachers with Teacher Appreciation Discount Day on August 1.

To help show appreciation to the teachers in our communities, Walgreens is offering a 20 percent discount to all teachers on August 1.


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Customers with a Walgreens Balance® Rewards card and valid school ID will receive 20 percent off regularly-priced Walgreens brands and 20 percent off regularly priced national brand products* at any Walgreens or Duane Reade drugstore nationwide. A Balance® Rewards customer loyalty program membership is free and can be obtained at checkout. Restrictions may apply including current quantity limits on certain high demand products.

It opened the trading session at $40.80, the shares rose to $41.95 and dropped to $40.78, the range by which the price of stock traded the whole day. The daily chart for WBA points out that the company has recorded -20.70% loss over the past six months. However, it is still -14.35% lower than its most recent low trading price.

If we look at the average trading volume of 6.75M shares, WBA reached to a volume of 5672556 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Walgreens Boots Alliance Inc. [WBA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WBA shares is $43.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WBA stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Walgreens Boots Alliance Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 06, 2020. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $51 to $43. The new note on the price target was released on April 03, 2020, representing the official price target for Walgreens Boots Alliance Inc. stock. Previously, the target price had yet another drop from $65 to $61, while Wells Fargo kept a Market Perform rating on WBA stock. On October 30, 2019, analysts decreased their price target for WBA shares from 60 to 55.

The Average True Range (ATR) for Walgreens Boots Alliance Inc. is set at 1.24, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 1.75. Price to Free Cash Flow for WBA in the course of the last twelve months was 13.16 with Quick ratio for the last quarter at 0.30.

Trading performance analysis for WBA stock

Walgreens Boots Alliance Inc. [WBA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.94. With this latest performance, WBA shares gained by 1.35% in over the last four-week period, additionally sinking by -20.70% over the last 6 months – not to mention a drop of -14.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBA stock in for the last two-week period is set at 53.93, with the RSI for the last a single of trading hit 56.13, and the three-weeks RSI is set at 51.92 for Walgreens Boots Alliance Inc. [WBA]. The present Moving Average for the last 50 days of trading for this stock 41.68, while it was recorded at 41.89 for the last single week of trading, and 48.43 for the last 200 days.

Walgreens Boots Alliance Inc. [WBA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Walgreens Boots Alliance Inc. [WBA] shares currently have an operating margin of +3.75 and a Gross Margin at +20.49. Walgreens Boots Alliance Inc.’s Net Margin is presently recorded at +2.91.

Return on Total Capital for WBA is now 12.33, given the latest momentum, and Return on Invested Capital for the company is 10.75. Return on Equity for this stock inclined to 16.08, with Return on Assets sitting at 5.87. When it comes to the capital structure of this company, Walgreens Boots Alliance Inc. [WBA] has a Total Debt to Total Equity ratio set at 76.25. Additionally, WBA Total Debt to Total Capital is recorded at 43.26, with Total Debt to Total Assets ending up at 26.52. Long-Term Debt to Equity for the company is recorded at 51.60, with the Long-Term Debt to Total Capital now at 29.28.

Reflecting on the efficiency of the workforce at the company, Walgreens Boots Alliance Inc. [WBA] managed to generate an average of $11,643 per employee. Receivables Turnover for the company is 19.84 with a Total Asset Turnover recorded at a value of 2.02.Walgreens Boots Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.70.

Walgreens Boots Alliance Inc. [WBA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Walgreens Boots Alliance Inc. posted 1.43/share EPS, while the average EPS was predicted by analysts to be reported at 1.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WBA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Walgreens Boots Alliance Inc. go to 1.95%.

An analysis of insider ownership at Walgreens Boots Alliance Inc. [WBA]

There are presently around $20,680 million, or 60.30% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 60,619,758, which is approximately -15.093% of the company’s market cap and around 22.25% of the total institutional ownership; BLACKROCK INC., holding 52,284,581 shares of the stock with an approximate value of $2.19 billion in WBA stocks shares; and STATE STREET CORP, currently with $1.9 billion in WBA stock with ownership of nearly -2.898% of the company’s market capitalization.

Positions in Walgreens Boots Alliance Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 535 institutional holders increased their position in Walgreens Boots Alliance Inc. [NASDAQ:WBA] by around 36,226,636 shares. Additionally, 648 investors decreased positions by around 54,236,350 shares, while 185 investors held positions by with 402,977,242 shares. The mentioned changes placed institutional holdings at 493,440,228 shares, according to the latest SEC report filing. WBA stock had 99 new institutional investments in for a total of 3,306,094 shares, while 139 institutional investors sold positions of 5,737,810 shares during the same period.

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