Walgreen Company Price Target Cut to $84.00 (WAG)
Goldman Sachs lowered their target price on shares of Walgreen Company (NYSE:WAG) to $84.00 in a research note issued on Wednesday. Goldman Sachs’ price target suggests a potential upside of 15.89% from the stock’s previous close.
Walgreen Company (NYSE:WAG) opened at 72.48 on Wednesday. Walgreen Company has a 52-week low of $43.31 and a 52-week high of $76.39. The stock has a 50-day moving average of $71.56 and a 200-day moving average of $65.05. The company has a market cap of $69.170 billion and a price-to-earnings ratio of 25.96. Walgreen Company also was the target of some unusual options trading on Monday. Investors purchased 23,585 put options on the stock. This represents an increase of approximately 187% compared to the typical volume of 8,223 put options.
Walgreen Company (NYSE:WAG) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.91 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.03. The company had revenue of $19.40 billion for the quarter, compared to the consensus estimate of $19.33 billion. During the same quarter last year, the company posted $0.85 earnings per share. Walgreen Company’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Walgreen Company will post $3.44 earnings per share for the current fiscal year.
WAG has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Walgreen Company from $68.00 to $73.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Walgreen Company from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $87.00 price target on the stock, up previously from $69.00. Finally, analysts at BB&T Corp. raised their price target on shares of Walgreen Company from $72.00 to $80.00 in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.33.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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