Walgreens PT Raised to $50.00 (WAG)
Investment analysts at SunTrust boosted their target price on shares of Walgreens (NYSE: WAG) from $48.00 to $50.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock.
Walgreens (NYSE: WAG) traded down 0.07% during mid-day trading 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 for the quarter, beating the analysts’ 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 previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Walgreens will post $3.27 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Walgreens in a research note to investors on Wednesday. They now have a $47.00 price target on the stock.
One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. Walgreens currently 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.