Walgreens Boots Alliance Inc. (NASDAQ:WBA) traded at $34.28 at close of the session on Wednesday, September 21, made an upward move of 0.87% on its previous day’s price.
Looking at the stock we see that its previous close was $33.99 and the beta (5Y monthly) reads 0.59 with the day’s price range being $33.53 – $34.10. The company has a trailing 12-month PE ratio of 5.77. In terms of its 52-week price range, WBA has a high of $55.00 and a low of $33.53. The company’s stock has lost about -11.07% over that past 30 days.
Walgreens Boots Alliance Inc. has a market cap of $29.34 billion and is expected to release its quarterly earnings report on Mar 29, 2022 – Apr 04, 2022. With its Forward Dividend at 1.92 and a yield of 5.65%, the company’s investors could be anxious for the WBA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.78, with the EPS growth for the year raised at $5.01 for 2022 and $4.67 for next year. These figures represent 2.00% and -6.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $32.09 billion, with a low of $30.69 billion and a high of $33.05 billion. The median projection represents growth adding up to -6.30% compared to sales growth for the corresponding quarter a year ago.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WBA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 20 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 16 have rated the Walgreens Boots Alliance Inc. (WBA) stock as a Hold, while 0 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the WBA stock currently stands at 6.53, and the current price level is -3.44% off its SMA20 and -8.92% from its 50-day simple moving average. The RSI (14) is pointing at 33.69 while the volatility over the past week is 2.13% and jumps to 2.31% over the past one month. The beta value is 0.62, while the average true range (ATR) is currently pointing at 0.91. The average price target for the stock over the next 12 months is $42.03, with the estimates having a low of $35.00 and a high of $49.00. These price ends are -2.1% and -42.94% off the current price level respectively, although investors could be excited at the prospect of a -22.52% if the WBA share price touches on the median price of $42.00.
Let’s briefly compare Walgreens Boots Alliance Inc. (WBA) stock to its peers. We find that current price change of 0.87% and -29.77% over the past 12 months for WBA competes that of Amazon.com Inc. (AMZN), which has seen its stock price fall -0.12% in the last trading session and was -27.18% over the last one year. Another of its peers CVS Health Corporation (CVS) has gained 1.36% previous session, and was 19.82% up over the past year, while McKesson Corporation (MCK) was also up 1.99% in the last session, while its price remained in the green at 71.16% over the same period. Walgreens Boots Alliance Inc. has a P/E ratio of 5.77 compared to Amazon.com Inc.’s 109.88 and CVS Health Corporation’s 16.47. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.57% and 0.58%, respectively, at close of the trading.
Coming back to Walgreens Boots Alliance Inc. (NASDAQ:WBA), we note that the average 3-month trading volume was 6.88 million, while that of the preceding 10-day period stands at 8.21 million. Current shares outstanding are 864.00 million.
The insiders hold 17.32% of the company’s shares while institutions hold 59.70%. The data shows that short shares as of Jul 14, 2022, stood at 27.27 million at a short ratio of 3.61. This represents a 3.16% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 27.45 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -34.84% down in year-to-date price movement.