Walgreen Company Sees Unusually High Options Volume (WAG)
Walgreen Company (NYSE:WAG) was the target of some unusual options trading activity on Wednesday. Traders bought 26,286 call options on the company, Stock Ratings Network reports. This represents an increase of approximately 153% compared to the average volume of 10,406 call options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Walgreen Company in a research note on Monday. They now have a $75.00 price target on the stock. Separately, analysts at Cowen and Company downgraded shares of Walgreen Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 14th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Walgreen Company has a consensus rating of “Hold” and a consensus price target of $68.00.
Walgreen Company (NYSE:WAG) traded up 4.19% during mid-day trading on Wednesday, hitting $74.56. 12,767,725 shares of the company’s stock traded hands. Walgreen Company has a one year low of $43.31 and a one year high of $72.46. The stock’s 50-day moving average is $68.75 and its 200-day moving average is $63.45. The company has a market cap of $71.155 billion and a price-to-earnings ratio of 25.20.
Walgreen Company (NYSE:WAG) last released its earnings data on Tuesday, March 25th. The company reported $0.91 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.02. The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company posted $0.96 earnings per share. Walgreen Company’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Walgreen Company will post $3.44 EPS for the current fiscal year.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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