Walgreen Co. Hits New 52-Week High at $53.38 (WAG)
Shares of Walgreen (NYSE:WAG) hit a new 52-week high during mid-day trading on Thursday, AR Network reports. The stock traded as high as $53.38 and last traded at $53.37, with a volume of 8,625,492 shares trading hands. The stock had previously closed at $50.75.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Walgreen (NYSE:WAG) from a “buy” rating to a “conviction-buy” rating in a research note to investors on Thursday. They now have a $60.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Walgreen (NYSE:WAG) from $55.00 to $60.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Walgreen (NYSE:WAG) from $54.00 to $57.00 in a research note to investors on Friday, September 6th.
One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $53.97.
Walgreen has a 52 week low of $31.88 and a 52 week high of $51.62. The stock has a 50-day moving average of $49.63 and a 200-day moving average of $47.86. The company has a market cap of $50.350 billion and a price-to-earnings ratio of 22.20.
Walgreen (NYSE:WAG) last released its earnings data on Tuesday, June 25th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.91 by $0.06. The company had revenue of $18.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter last year, the company posted $0.72 earnings per share. Walgreen’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Walgreen will post $3.12 earnings per share for the current fiscal year.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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