Walgreen Company Receives Market Perform Rating from Cowen and Company (WAG)
Walgreen Company (NYSE:WAG)‘s stock had its “market perform” rating reiterated by investment analysts at Cowen and Company in a note issued to investors on Thursday. They currently have a $62.00 target price on the stock, down from their previous target price of $74.00. Cowen and Company’s target price would suggest a potential upside of 4.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at ISI Group cut their price target on shares of Walgreen Company from $74.50 to $67.00 in a research note on Wednesday. They now have a “cautious” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $73.32.
Walgreen Company (NYSE:WAG) traded down 0.15% on Thursday, hitting $59.12. The stock had a trading volume of 15,108,538 shares. Walgreen Company has a 1-year low of $46.75 and a 1-year high of $76.39. The stock’s 50-day moving average is $72.09 and its 200-day moving average is $67.97. The company has a market cap of $56.552 billion and a price-to-earnings ratio of 20.21. Walgreen Company also saw some unusual options trading on Tuesday. Stock traders bought 47,841 call options on the stock. This is an increase of approximately 106% compared to the typical volume of 23,238 call options.
Walgreen Company (NYSE:WAG) last announced its earnings results 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 $3.35 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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