Walgreens Given New $56.00 Price Target at Susquehanna (WAG)
Equities researchers at Susquehanna raised their target price on shares of Walgreens (NYSE: WAG) from $50.00 to $56.00 in a report issued on Wednesday. The firm currently has a “positive” rating on the stock.
Walgreens (NYSE: WAG) traded down 0.07% on Wednesday, hitting $45.99. Walgreens has a 1-year low of $28.53 and a 1-year high of $46.33. The stock’s 50-day moving average is currently $41.48. The company has a market cap of $43.465 billion and a price-to-earnings ratio of 20.82.
Walgreens (NYSE: WAG) last posted its quarterly earnings results on Tuesday, March 19th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $18.65 billion for the quarter, compared to the consensus estimate of $18.72 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Walgreens will post $3.27 earnings per share for the current fiscal year.
WAG has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of Walgreens from $48.00 to $50.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Walgreens from $47.00 to $50.00 in a research note to investors on Wednesday. Finally, analysts at Guggenheim raised their price target on shares of Walgreens to $50.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.13.
Walgreen Co (NYSE: WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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