Walgreens Shares Slide on $1 Billion Cost-Savings Program

Chronic disease management partnership between Walgreens and Verily

The brokerage now has a buy rating on the pharmacy operator's stock. The stock's 12-month potential target price is now at $78.45. BidaskClub raised Walgreens Boots Alliance from a buy rating to a strong-buy rating in a research report on Tuesday, August 21st.

Analysts expected, on average, earnings of $1.43 per share on $33.58 billion in revenue, according to Zacks Investment Research.

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Walgreens Boots Alliance (WBA) showed volatility of 2.60% in recent month and perceived a weekly volatility of 3.00%. Finally, SunTrust Banks upped their target price on Walgreens Boots Alliance to $75.00 and gave the stock a hold rating in a research report on Friday, October 12th. As of now, Walgreens Boots Alliance, Inc. has a P/S, P/E and P/B values of 0.55, 14.86 and 2.75 respectively. Currently, the stock is trading -15.09% ahead of its 52-week high and 24.07% beyond its 52-week low.

Walgreens shares slipped less than 2 percent to $72.15 in early Thursday trading, after the company detailed results. With 5.33 million shares average volume, it will take short sellers 4 days to cover their WBA's short positions. Beta greater than 1.00 indicates that the security's price is theoretically more volatile than the market. The company's targets include global spending, organization and digitalization of the business in primarily the U.S. and U.K. The company expects the initiative will cost $150 million to $170 million and has already invested $30 million as of the first quarter.

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On Thursday, the company reported a almost 10% increase in sales in the first quarter of fiscal year 2019, which ended on November 30, as well as a 45.7% jump in earnings per share. In context of long-term intentions, stock next five years earnings per share (EPS) growth estimates standing at 10.63%. The Walgreens Boots Alliance, Inc. generated $33,442.00 million in revenue during the last quarter, which is slightly lower than the $33,777.20 million predicted by analysts. Compared to the same quarter previous year, the firm's revenue was down by -3.38%. For those who have never before looked at share turnover, the company is estimating to achieve earnings per share (EPS) growth of 8.22% in next year. Investors of record on Monday, November 12th were given a $0.44 dividend. Walgreens Boots Alliance's dividend payout ratio is 29.24%. When it comes to Change in the stock prices, it is an everyday trend in the market stock. The RSI's interpretations notify overbought above 70 and oversold below 30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the firm's stock in a transaction on Wednesday, October 31st. About 12.69M shares traded or 92.96% up from the average. Goldman also rated DISCA as Downgrade on December 14th, 2018, with its price target of $8 suggesting that DISCA could surge by 21.24% from its current share price. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,756 shares of company stock valued at $5,824,194. Mizuho downgraded Walgreens Boots Alliance, Inc. The Vanguard Group Inc meanwhile sold more DISCA shares in the recently filed quarter, changing its stake to $504,435,978 worth of shares. More interesting news about Walgreens Boots Alliance, Inc.

Investors tracking shares of Walgreens Boots Alliance (WBA) may be focusing on where the stock is trading relative to its 52-week high and low. Bank of New York Mellon Corp increased its position in Walgreens Boots Alliance by 71,970.7% during the 3rd quarter. The fund owned 19,089 shares of the pharmacy operator's stock after selling 1,000 shares during the quarter. In essence, stock analysts put their best efforts to measure the future activity of a trading mechanism and market.

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