Walgreen Company Price Target Lowered to $65.00 at BB&T Corp. (WAG)
Research analysts at BB&T Corp. cut their price target on shares of Walgreen Company (NYSE:WAG) from $80.00 to $65.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. BB&T Corp.’s target price indicates a potential upside of 9.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on WAG. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Walgreen Company in a research note on Thursday. They now have a $62.00 price target on the stock, down previously from $74.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Walgreen Company in a research note on Thursday. They now have a $69.00 price target on the stock, down previously from $87.00. Finally, analysts at Cantor Fitzgerald upgraded shares of Walgreen Company from a “sell” rating to a “hold” rating in a research note on Thursday. They now have a $56.00 price target on the stock, up previously from $50.00. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Walgreen Company has an average rating of “Buy” and a consensus price target of $73.32.
Walgreen Company (NYSE:WAG) traded down 0.16% on Thursday, hitting $59.1145. The stock had a trading volume of 15,107,738 shares. Walgreen Company has a 52-week low of $46.75 and a 52-week high of $76.39. The stock has a 50-day moving average of $72.09 and a 200-day moving average of $67.97. The company has a market cap of $56.547 billion and a P/E ratio of 20.21. Walgreen Company also was the recipient of unusually large options trading on Tuesday. Traders acquired 47,841 call options on the stock. This is an increase of 106% compared to the typical volume of 23,238 call options.
Walgreen Company (NYSE:WAG) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Walgreen Company will post $3.35 earnings per share 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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