Walgreen Company’s Buy Rating Reaffirmed at Jefferies Group (WAG)
Walgreen Company (NYSE:WAG)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Thursday. They currently have a $69.00 target price on the stock, down from their previous target price of $87.00. Jefferies Group’s target price would indicate a potential upside of 16.53% from the company’s current price.
Shares of Walgreen Company (NYSE:WAG) traded down 0.16% during mid-day trading on Thursday, hitting $59.1175. The stock had a trading volume of 15,111,518 shares. Walgreen Company has a one year low of $46.75 and a one year 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 $56.549 billion and a price-to-earnings ratio of 20.21. Walgreen Company also was the target of unusually large options trading on Tuesday. Stock traders purchased 47,841 call options on the company. This is an increase of approximately 106% compared to the typical daily 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 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue 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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Walgreen Company in a research note on Thursday, July 24th. They now have a $77.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Walgreen Company presently has a consensus rating of “Buy” and a consensus price target of $73.32.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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