Walgreen PT Raised to $67.00 at UBS AG (WAG)
Research analysts at UBS AG hoisted their price target on shares of Walgreen (NYSE:WAG) from $62.00 to $67.00 in a report released on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 10.71% from the stock’s previous close.
A number of other firms have also recently commented on WAG. Analysts at ISI Group raised their price target on shares of Walgreen from $65.00 to $69.50 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at FBR & Co. initiated coverage on shares of Walgreen in a research note to investors on Thursday, October 24th. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Walgreen in a research note to investors on Thursday, October 24th. They set a “market perform” rating and a $62.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Walgreen currently has a consensus rating of “Buy” and a consensus price target of $60.70.
Shares of Walgreen (NYSE:WAG) traded up 2.16% on Friday, hitting $60.52. The stock had a trading volume of 5,353,735 shares. Walgreen has a 52 week low of $31.88 and a 52 week high of $53.48. The stock has a 50-day moving average of $56.61 and a 200-day moving average of $50.98. The company has a market cap of $57.288 billion and a P/E ratio of 23.14.
Walgreen (NYSE:WAG) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Walgreen will post $3.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Investors of record on Monday, November 18th will be paid a dividend of $0.32 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, November 14th.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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