Walgreens Boots Alliance Inc. [NASDAQ: WBA] plunged by -$0.12 during the normal trading session on Wednesday and reaching a high of $56.26 during the day while it closed the day at $55.58. The company report on April 5, 2021 that Walgreens and Red Nose Day Bring Back Digital Red Nose, Spreading Message of Hope, Helping to Tackle Child Poverty.
The iconic Red Nose is available digitally giving the public an easy and engaging way to help end child poverty as the country looks to emerge from the COVID-19 pandemic.
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For the seventh year in a row, Red Nose Day is back at Walgreens with the iconic Red Nose in digital form as we continue to emphasize the health and safety of customers and team members nationwide. Driven by the COVID-19 pandemic, child poverty rose as high as 21.4 percent in the United States in 20201, underscoring the urgency to support underserved children. This year, together with Comic Relief U.S., the nonprofit behind Red Nose Day, Walgreens is excited to bring back the Digital Red Nose providing a way to bring people together virtually to spread awareness, raise funds and support children in need amid uncertainty.
Walgreens Boots Alliance Inc. stock has also gained 4.91% of its value over the past 7 days. However, WBA stock has inclined by 35.03% in the 3 months of the year. Over the past six months meanwhile, it has gained 51.77% and gained 39.37% year-on date.
The market cap for WBA stock reached $48.16 billion, with 864.20 million shares outstanding and 715.06 million shares in the current float. Compared to the average trading volume of 6.51M shares, WBA reached a trading volume of 4274471 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $51.28 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 3.00. 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.
Deutsche Bank have made an estimate for Walgreens Boots Alliance Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 25, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for Walgreens Boots Alliance Inc. stock. Previously, the target price had yet another raise to $55, while Guggenheim analysts kept a Buy rating on WBA stock.
The Average True Range (ATR) for Walgreens Boots Alliance Inc. is set at 1.62, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 1.19. Price to Free Cash Flow for WBA in the course of the last twelve months was 19.29 with Quick ratio for the last quarter at 0.60.
WBA stock trade performance evaluation
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 4.91. With this latest performance, WBA shares gained by 14.65% in over the last four-week period, additionally plugging by 51.77% over the last 6 months – not to mention a rise of 30.38% 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 65.26, with the RSI for the last a single of trading hit 66.27, and the three-weeks RSI is set at 64.20 for Walgreens Boots Alliance Inc. [WBA]. The present Moving Average for the last 50 days of trading for this stock 50.80, while it was recorded at 55.55 for the last single week of trading, and 42.57 for the last 200 days.
Walgreens Boots Alliance Inc. [WBA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Walgreens Boots Alliance Inc. [WBA] shares currently have an operating margin of +2.69 and a Gross Margin at +18.70. Walgreens Boots Alliance Inc.’s Net Margin is presently recorded at +0.33.
Return on Total Capital for WBA is now 7.13, given the latest momentum, and Return on Invested Capital for the company is 0.99. Return on Equity for this stock inclined to 2.07, with Return on Assets sitting at 0.59. 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 202.73. Additionally, WBA Total Debt to Total Capital is recorded at 66.97, with Total Debt to Total Assets ending up at 47.99. Long-Term Debt to Equity for the company is recorded at 173.36, with the Long-Term Debt to Total Capital now at 57.27.
Reflecting on the efficiency of the workforce at the company, Walgreens Boots Alliance Inc. [WBA] managed to generate an average of $1,378 per employee. Receivables Turnover for the company is 19.44 with a Total Asset Turnover recorded at a value of 1.80.Walgreens Boots Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for Walgreens Boots Alliance Inc. [WBA] stock
With the latest financial reports released by the company, Walgreens Boots Alliance Inc. posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -39.30%. 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 3.63%.
Walgreens Boots Alliance Inc. [WBA]: Insider Ownership positions
There are presently around $26,635 million, or 57.30% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 58,059,957, which is approximately -1.102% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 49,962,675 shares of the stock with an approximate value of $2.78 billion in WBA stocks shares; and STATE STREET CORP, currently with $2.6 billion in WBA stock with ownership of nearly 0.85% of the company’s market capitalization.
Positions in Walgreens Boots Alliance Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 533 institutional holders increased their position in Walgreens Boots Alliance Inc. [NASDAQ:WBA] by around 38,793,099 shares. Additionally, 614 investors decreased positions by around 52,644,218 shares, while 141 investors held positions by with 387,785,958 shares. The mentioned changes placed institutional holdings at 479,223,275 shares, according to the latest SEC report filing. WBA stock had 167 new institutional investments in for a total of 7,083,360 shares, while 114 institutional investors sold positions of 10,937,797 shares during the same period.