Barclays analyst Steven Valiquette maintained a Hold rating on Walgreens Boots Alliance (WBA) yesterday and set a price target of $50.00. The company’s shares closed last Thursday at $40.32, close to its 52-week low of $39.41.
According to TipRanks.com, Valiquette is a 2-star analyst with an average return of -0.2% and a 47.7% success rate. Valiquette covers the Services sector, focusing on stocks such as Capital Senior Living, Patterson Companies, and AmerisourceBergen.
The word on The Street in general, suggests a Hold analyst consensus rating for Walgreens Boots Alliance with a $55.14 average price target, a 37.3% upside from current levels. In a report released today, Deutsche Bank also upgraded the stock to Hold with a $43.00 price target.
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Based on Walgreens Boots Alliance’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $34.34 billion and net profit of $845 million. In comparison, last year the company earned revenue of $33.79 billion and had a net profit of $1.12 billion.
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Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.
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