Walgreen Company Receives Average Rating of “Hold” from Analysts (NYSE:WAG)
Walgreen Company (NYSE:WAG) has been given a consensus rating of “Hold” by the twenty-six analysts that are currently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $73.14.
Shares of Walgreen Company (NYSE:WAG) opened at 62.07 on Friday. 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 $69.19 and its 200-day moving average is $68.13. The company has a market cap of $59.374 billion and a P/E ratio of 21.08. Walgreen Company also was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 21,387,669 shares, a growth of 15.8% from the July 15th total of 18,465,510 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 6,229,905 shares, the short-interest ratio is presently 3.4 days.
Walgreen Company (NYSE:WAG) last posted its quarterly earnings results 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 $3.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Thursday, August 21st will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, August 19th. This is an increase from Walgreen Company’s previous quarterly dividend of $0.32.
In other Walgreen Company news, SVP Mia M. Scholz sold 81,015 shares of Walgreen Company stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $61.93, for a total transaction of $5,017,258.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on WAG. Analysts at Deutsche Bank cut their price target on shares of Walgreen Company to $69.00 in a research note on Tuesday, August 12th. Separately, analysts at BB&T Corp. cut their price target on shares of Walgreen Company from $80.00 to $65.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of Walgreen Company in a research note on Thursday, August 7th. They now have a $62.00 price target on the stock, down previously from $74.00.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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