Walgreens Boots Alliance, Inc. (NASDAQ:WBA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

WBA has been the subject of a number of other reports. Needham & Company LLC began coverage on Walgreens Boots Alliance in a report on Tuesday, June 27th. They issued a “hold” rating for the company. Leerink Swann set a $86.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Friday, July 7th. Credit Suisse Group reaffirmed a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Pivotal Research set a $85.00 price target on Walgreens Boots Alliance and gave the company a “hold” rating in a report on Sunday, July 2nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $77.00 price target (down from $89.00) on shares of Walgreens Boots Alliance in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. Walgreens Boots Alliance presently has an average rating of “Buy” and a consensus price target of $91.06.

Shares of Walgreens Boots Alliance (NASDAQ:WBA) traded up 0.37% on Wednesday, reaching $81.72. 168,514 shares of the company’s stock traded hands. Walgreens Boots Alliance has a 12-month low of $75.18 and a 12-month high of $88.00. The company has a market cap of $87.45 billion, a PE ratio of 20.64 and a beta of 1.25. The stock has a 50-day moving average price of $79.95 and a 200-day moving average price of $82.28.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The firm had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. Equities research analysts anticipate that Walgreens Boots Alliance will post $5.00 EPS for the current fiscal year.

Walgreens Boots Alliance declared that its board has initiated a stock buyback program on Thursday, June 29th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/30/walgreens-boots-alliance-inc-wba-stock-rating-upgraded-by-bidaskclub.html.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Patten & Patten Inc. TN boosted its position in Walgreens Boots Alliance by 1.1% in the first quarter. Patten & Patten Inc. TN now owns 112,309 shares of the pharmacy operator’s stock valued at $9,327,000 after buying an additional 1,172 shares during the last quarter. WealthTrust Arizona LLC boosted its position in Walgreens Boots Alliance by 0.4% in the first quarter. WealthTrust Arizona LLC now owns 5,243 shares of the pharmacy operator’s stock valued at $435,000 after buying an additional 19 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Walgreens Boots Alliance by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 314,480 shares of the pharmacy operator’s stock valued at $26,118,000 after buying an additional 2,220 shares during the last quarter. Alta Capital Management LLC boosted its position in Walgreens Boots Alliance by 0.4% in the first quarter. Alta Capital Management LLC now owns 261,826 shares of the pharmacy operator’s stock valued at $21,744,000 after buying an additional 1,107 shares during the last quarter. Finally, Ledyard National Bank boosted its position in Walgreens Boots Alliance by 32.8% in the first quarter. Ledyard National Bank now owns 4,250 shares of the pharmacy operator’s stock valued at $353,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

Receive News & Stock Ratings for Walgreens Boots Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance Inc. and related stocks with our FREE daily email newsletter.