In a report released today, Ralph Giacobbe from Citigroup maintained a Hold rating on Walgreens Boots Alliance (NASDAQ: WBA), with a price target of $76. The company’s shares closed yesterday at $70.90.
According to TipRanks.com, Giacobbe is a 5-star analyst with an average return of 14.2% and a 71.4% success rate. Giacobbe covers the Services sector, focusing on stocks such as Tenet Healthcare, Centene Corp, and UnitedHealth.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Walgreens Boots Alliance with a $76 average price target.
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Based on Walgreens Boots Alliance’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $34.33 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $30.15 billion and had a net profit of $802 million.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is neutral on the stock.
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Walgreens Boots Alliance, Inc. engages in providing drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale.
