Time to Buy Walgreens Boots Alliance Inc (WBA) After Achieving 1 Year Low?

October 13, 2017 - By Marguerite Chambers

The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) hit a new 52-week low and has $63.51 target or 6.00 % below today’s $67.56 share price. The 8 months bearish chart indicates high risk for the $72.30B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $63.51 price target is reached, the company will be worth $4.34B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.09% or $1.44 during the last trading session, reaching $67.56. About 6.31 million shares traded. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since October 13, 2016 and is uptrending. It has underperformed by 10.93% the S&P500.

Investors wait Walgreens Boots Alliance Inc (NASDAQ:WBA) to report on October, 19. its quarterly earnings Wall Street analysts expect $1.22 EPS, up $0.15 or 14.02 % from last year’s $1.07 same quarter earnings. This translates into $1.31 billion profit for WBA giving the stock a 13.84 P/E. This is assuming the current $1.22 EPS is accurate. Walgreens Boots Alliance Inc’s Wall Street analysts see -8.27 % negative EPS growth, taking into account the $1.33 EPS reproted in the previous quarter,

Walgreens Boots Alliance Inc (NASDAQ:WBA) Ratings Coverage

Among 17 analysts covering Walgreens Boots Alliance (NASDAQ:WBA), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Walgreens Boots Alliance had 36 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Friday, September 8. The rating was upgraded by Zacks to “Hold” on Tuesday, September 1. The company was reinitiated on Thursday, March 10 by Barclays Capital. The company was maintained on Thursday, June 29 by Pivotal Research. On Wednesday, September 27 the stock rating was downgraded by Raymond James to “Market Perform”. Credit Suisse maintained it with “Outperform” rating and $100 target in Monday, November 16 report. The firm has “Buy” rating by Jefferies given on Tuesday, September 5. On Wednesday, August 23 the stock rating was maintained by UBS with “Buy”. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) has “Underperform” rating given on Friday, July 22 by Wood. Credit Suisse maintained Walgreens Boots Alliance Inc (NASDAQ:WBA) on Thursday, September 1 with “Outperform” rating.

More notable recent Walgreens Boots Alliance Inc (NASDAQ:WBA) news were published by: Forbes.com which released: “Short Interest Surges On Walgreens Stock As Amazon Looms” on October 11, 2017, also Nasdaq.com with their article: “RSI Alert: Walgreens Boots Alliance (WBA) Now Oversold” published on September 29, 2017, Seekingalpha.com published: “Has Walgreens Fallen Enough Yet On Amazon Fears?” on October 09, 2017. More interesting news about Walgreens Boots Alliance Inc (NASDAQ:WBA) were released by: Seekingalpha.com and their article: “Walgreens Boots Alliance: Risk-Reward Improves” published on October 09, 2017 as well as Seekingalpha.com‘s news article titled: “Walgreens Boots Alliance: How The $4 Billion Rite Aid Deal Improves This …” with publication date: September 19, 2017.

Walgreens Boots Alliance, Inc. is a holding company. The company has market cap of $72.30 billion. The Firm is a pharmacy-led health and wellbeing company. It has a 17.04 P/E ratio. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

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