Needham & Company LLC Upgrades Walgreens Boots Alliance, Inc. (WBA) to "Buy"

Marco Green
July 17, 2017

The firm owned 56,371 shares of the pharmacy operator's stock after buying an additional 2,175 shares during the period.

In other news, Director William C. Foote sold 2,736 shares of the firm's stock in a transaction dated Wednesday, May 3rd. The Return on Investment (ROI) ratio of Walgreens Boots Alliance, Inc. This recommendation lands on a scale between 1 and 5. Norges Bank bought a new position in Walgreens Boots Alliance during the fourth quarter valued at $649,813,000. Share performance for the month is now at -4.63%.

The Coca-Cola Company (NYSE:KO)'s stock on Wednesday traded at beginning with a price of $44.59 and when day-trade ended the stock finally edged up 0.41% to reach at $44.51. Finally, Orrstown Financial Services Inc. increased its position in shares of Walgreens Boots Alliance by 13.9% in the first quarter. The dividend was $0.375 per share for the quarter which is $1.50 annualized. Hedge funds and other institutional investors own 61.22% of the company's stock.

Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. (NASDAQ:WBA) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.

10/19/2016 - Walgreens Boots Alliance, Inc. had its " rating reiterated by analysts at Credit Suisse. (WBA)'s latest closing price distance was at -5.67% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -3.79% and -0.33% compared with the 20 Day Moving Average. (NASDAQ:WBA) has a market cap of $84.47 billion and over the last 12 months, WBA has declined by -4.6%.

Walgreens Boots Alliance (NASDAQ:WBA) opened at 77.72 on Friday. Company fiscal year is ending in August and analysts' consensus recommendation is Outperform for WBA and estimated EPS for next quarter is $ 1.30. Of the analysts surveyed by Reuters that track Walgreens Boots Alliance, Inc. The business had revenue of $30.12 billion during the quarter, compared to analysts' expectations of $29.72 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business's revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current year. Investors of record on Friday, August 18th will be given a dividend of $0.40 per share. The Return on Equity ratio of Walgreens Boots Alliance, Inc. It has a dividend yield of 1.92%. Deutsche Bank AG reiterated a "buy" rating and issued a $92.00 price target on shares of Walgreens Boots Alliance in a research report on Wednesday, March 22nd.

Girard Partners LTD. acquired a new stake in Walgreens Boots Alliance, Inc.

TRADEMARK VIOLATION WARNING: This report was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & worldwide trademark & copyright law. The original version of this report can be viewed at (NASDAQ:WBA) that has shown a discernible change in trend levels over the path of recent market activity. Zacks Investment Research raised Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a research note on Thursday, March 23rd.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Robert W. Baird reiterated an "outperform" rating and issued a $96.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, March 27th.

23 analysts on average are expecting Walgreens Boots Alliance, report earnings of $1.3 per share for the current quarter. Three analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Walgreens Boots Alliance presently has a consensus rating of "Buy" and an average target price of $90.47. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Following the sale, the director now owns 21,887 shares of the company's stock, valued at approximately $1,879,874.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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