Market Analysts see Walgreens Boots Alliance Inc. [WBA] gaining to $39. Time to buy?

Walgreens Boots Alliance Inc. [NASDAQ: WBA] loss -1.22% on the last trading session, reaching $36.33 price per share at the time. The company report on January 12, 2023 that Thirteenth Annual Expressions by Walgreens High School Art Challenge Opens for Entries.


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Walgreens Boots Alliance Inc. represents 863.60 million in outstanding shares, while the company has a total market value of $31.23 billion with the latest information. WBA stock price has been found in the range of $36.16 to $36.90.

If compared to the average trading volume of 6.83M shares, WBA reached a trading volume of 6817981 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 $41.62 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.

Morgan Stanley have made an estimate for Walgreens Boots Alliance Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 23, 2022. While these analysts kept the previous recommendation, Cowen raised their target price from $43 to $54. The new note on the price target was released on November 22, 2022, representing the official price target for Walgreens Boots Alliance Inc. stock. Previously, the target price had yet another raise to $42, while JP Morgan analysts kept a Overweight rating on WBA stock.

The Average True Range (ATR) for Walgreens Boots Alliance Inc. is set at 0.97, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 4.92.

Trading performance analysis for WBA stock

Walgreens Boots Alliance Inc. [WBA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.06. With this latest performance, WBA shares dropped by -10.58% in over the last four-week period, additionally sinking by -5.19% over the last 6 months – not to mention a drop of -32.96% 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 38.82, with the RSI for the last a single of trading hit 37.52, and the three-weeks RSI is set at 41.50 for Walgreens Boots Alliance Inc. [WBA]. The present Moving Average for the last 50 days of trading for this stock 39.13, while it was recorded at 36.72 for the last single week of trading, and 39.08 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 +2.09 and a Gross Margin at +19.80. Walgreens Boots Alliance Inc.’s Net Margin is presently recorded at +3.27.

Return on Equity for this stock inclined to 17.81, with Return on Assets sitting at 5.06.

Walgreens Boots Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.70.

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

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 2.30%.

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

There are presently around $17,920 million, or 59.80% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 62,574,698, which is approximately 1.325% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 58,812,727 shares of the stock with an approximate value of $2.14 billion in WBA stocks shares; and STATE STREET CORP, currently with $1.94 billion in WBA stock with ownership of nearly 6.157% of the company’s market capitalization.

Positions in Walgreens Boots Alliance Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 562 institutional holders increased their position in Walgreens Boots Alliance Inc. [NASDAQ:WBA] by around 31,779,878 shares. Additionally, 611 investors decreased positions by around 33,310,843 shares, while 173 investors held positions by with 428,179,196 shares. The mentioned changes placed institutional holdings at 493,269,917 shares, according to the latest SEC report filing. WBA stock had 79 new institutional investments in for a total of 3,322,552 shares, while 169 institutional investors sold positions of 9,686,184 shares during the same period.

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