Walgreen PT Raised to $52.00 at Barclays Capital (WAG)
Barclays Capital hoisted their price objective on shares of Walgreen (NYSE:WAG) from $42.00 to $52.00 in a research note issued on Wednesday, American Banking & Market News reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective points to a potential downside of 7.54% from the stock’s previous close.
Walgreen (NYSE:WAG) traded up 0.08% on Wednesday, hitting $56.285. The stock had a trading volume of 7,420,153 shares. Walgreen has a 1-year low of $31.88 and a 1-year high of $56.84. The stock’s 50-day moving average is $51.42 and its 200-day moving average is $49.30. The company has a market cap of $53.189 billion and a P/E ratio of 24.60. Walgreen also was the target of some unusual options trading on Monday. Stock investors bought 19,445 call options on the stock. This represents an increase of 266% compared to the average volume of 5,319 call options.
Walgreen (NYSE:WAG) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $17.95 billion. During the same quarter last year, the company posted $0.63 earnings per share. Walgreen’s revenue was up 5.1% 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Walgreen (NYSE:WAG) to $68.00 in a research note to investors on Tuesday. Separately, analysts at Citigroup Inc. set a $63.00 price target on shares of Walgreen (NYSE:WAG) in a research note to investors on Monday. Finally, analysts at Mizuho raised their price target on shares of Walgreen (NYSE:WAG) from $58.00 to $62.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.40.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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