Boots parent company posts mixed second quarter results

Boots parent company posts mixed second quarter results

Looking at the stock's movement on the chart, Walgreens Boots Alliance, Inc. recorded a 52-week high of $88.00. (NASDAQ:WBA), from Services sector has been on the upside of the performance spectrum. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target.

The target price for Walgreens Boots Alliance, Inc. (WBA) now has a consensus Price Target of $94.58. Barclays PLC set a $79.00 price target on Walgreens Boots Alliance and gave the company a "hold" rating in a research note on Saturday. The company reported a stellar four-quarter positive average earnings surprise of over 49.08%.

Prescriptions filled in comparable stores increased 7.9% compared with the same quarter a year ago, primarily due to Medicare Part D growth and volume growth from strategic pharmacy partnerships.

As announced on Jan 30, 2017, the company no longer expects any material accretion from Rite Aid in fiscal 2017. Excluding certain items, the company said it earned $1.36 a share, in line with the consensus estimate by analysts polled by Thomson Reuters.

Walgreens Boots Alliance (WBA) reported second-quarter revenue that fell short of forecasts Tuesday and continues to see its drawn-out merger with smaller rival Rite Aid (RAD) getting regulatory approval by the end of July despite ongoing uncertainty. For the quarter ending May-17, 14 analysts have a mean sales target of 30,099.40 million whilst for the year ending Aug-17, 18 analysts have a mean target of 118,906.00 million. (WBA) could bring EPS of $1.09/share.

For the first six months on the current fiscal year, Walgreens' free cash flow increased 13% y-o-y to $2.7 billion. The stock has a 50 day moving average price of $85.03 and a 200 day moving average price of $83.09. The current share price indicate that stock is -21.09% away from its one year high and is moving 62.14% ahead of its 52-week low.

Bank of America Corporation (NYSE:BAC) shares are trading -1.17% thus far today and have traded in the range of 23.59 - 23.97 during the current session. Analysts may employ various techniques to help predict future stock price levels.

Zacks Investment Research also rated the stock with a value of 1.5.

Now the P/E of Walgreens Boots Alliance, Inc. stands at 21.46. The research firm Initiated the stock to Hold. Also, the Hold rating count is 6 as of 04/05/17. Examples of analysis performed within this article are for demonstration purposes only. Taking a look into the performance of WBA stock, investor will come to know that the weekly performance for this stock is valued at -0.73%, resulting in a performance for the month at -3.42%. Exane Derivatives now owns 1,884 shares of the pharmacy operator's stock valued at $152,000 after buying an additional 679 shares during the last quarter.

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