Walgreen Target of Unusually High Options Trading (WAG)
Walgreen (NYSE:WAG) was the target of some unusual options trading on Wednesday. Investors bought 13,847 call options on the stock, AnalystRatingsNetwork reports. This represents an increase of 110% compared to the average volume of 6,604 call options.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Walgreen (NYSE:WAG) to $65.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Walgreen (NYSE:WAG) from $63.00 to $64.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of Walgreen (NYSE:WAG) from $59.00 to $62.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $56.26.
Walgreen (NYSE:WAG) traded up 0.52% during mid-day trading on Wednesday, hitting $56.53. The stock had a trading volume of 9,473,700 shares. Walgreen has a 1-year low of $31.88 and a 1-year high of $56.84. The stock has a 50-day moving average of $51.42 and a 200-day moving average of $49.30. The company has a market cap of $53.460 billion and a P/E ratio of 21.97.
Walgreen (NYSE:WAG) last released its earnings data on Tuesday, October 1st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Walgreen will post $3.54 EPS 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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