Walgreens Boots Alliance Inc (WBA) Can’t Be More Risky. Just Reaches Yearly Low

October 13, 2017 - By Linda Rogers

The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) hit a new 52-week low and has $63.51 target or 6.00 % below today’s $67.56 share price. The 8 months bearish chart indicates high risk for the $72.30B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $63.51 price target is reached, the company will be worth $4.34B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.09% or $1.44 during the last trading session, reaching $67.56. About 6.31M shares traded. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since October 13, 2016 and is uptrending. It has underperformed by 10.93% the S&P500.

Investors wait Walgreens Boots Alliance Inc (NASDAQ:WBA) to report on October, 19. its quarterly earnings Wall Street analysts expect $1.22 earnings per share, up $0.15 or 14.02 % from last year’s $1.07 same quarter earnings. This translates into $1.31 billion profit for WBA giving the stock a 13.84 P/E. This is assuming the current $1.22 EPS is accurate. Walgreens Boots Alliance Inc’s Wall Street analysts see -8.27 % negative EPS growth, taking into account the $1.33 EPS reproted in the previous quarter,

Walgreens Boots Alliance Inc (NASDAQ:WBA) Ratings Coverage

Among 17 analysts covering Walgreens Boots Alliance (NASDAQ:WBA), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Walgreens Boots Alliance had 36 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, October 17. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) has “Buy” rating given on Tuesday, June 7 by Bank of America. The firm earned “Hold” rating on Tuesday, September 1 by Zacks. The company was maintained on Wednesday, June 21 by Jefferies. The firm has “Buy” rating given on Tuesday, August 30 by Deutsche Bank. As per Monday, August 24, the company rating was downgraded by Zacks. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, October 6 report. The stock has “Buy” rating by Jefferies on Tuesday, September 5. UBS initiated Walgreens Boots Alliance Inc (NASDAQ:WBA) on Thursday, October 6 with “Buy” rating. Barclays Capital reinitiated it with “Equal-Weight” rating and $76 target in Thursday, March 10 report.

More notable recent Walgreens Boots Alliance Inc (NASDAQ:WBA) news were published by: Seekingalpha.com which released: “Walgreens Boots Alliance: How The $4 Billion Rite Aid Deal Improves This …” on September 19, 2017, also Seekingalpha.com with their article: “Has Walgreens Fallen Enough Yet On Amazon Fears?” published on October 09, 2017, Chicagotribune.com published: “Walgreens said to tweak Rite Aid deal to gain US approval” on September 18, 2017. More interesting news about Walgreens Boots Alliance Inc (NASDAQ:WBA) were released by: Benzinga.com and their article: “Rite Aid Earnings Boosted By Termination Fee From Scuttled Walgreens Deal” published on September 28, 2017 as well as Seekingalpha.com‘s news article titled: “Walgreens Boots Alliance: A Dividend Aristocrat Held By Bill Gates” with publication date: September 15, 2017.

Walgreens Boots Alliance, Inc. is a holding company. The company has market cap of $72.30 billion. The Firm is a pharmacy-led health and wellbeing company. It has a 17.04 P/E ratio. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

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