Walgreen Co. Hits New 52-Week High at $62.24 (WAG)
Shares of Walgreen (NYSE:WAG) hit a new 52-week high during trading hours on Thursday, AnalystRatings.NET reports. The company traded as high as $62.24 and last traded at $61.30, with a volume of 11,919,608 shares trading hands. The stock had previously closed at $59.36.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Walgreen from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Walgreen in a research note to investors on Wednesday, December 18th. They now have a $70.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Walgreen from $68.00 to $67.00 in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.54.
Walgreen has a 52-week low of $38.29 and a 52-week high of $60.93. The stock’s 50-day moving average is $57.9 and its 200-day moving average is $54.01. The company has a market cap of $57.951 billion and a price-to-earnings ratio of 20.84.
Walgreen (NYSE:WAG) last released its earnings data on Friday, December 20th. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.72. The company had revenue of $18.30 billion for the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Walgreen will post $3.46 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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