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Walgreen Company (NYSE:WAG)‘s stock had its “neutral” rating restated by ISI Group in a research note issued on Thursday.

Shares of Walgreen Company (NYSE:WAG) traded up 1.94% on Thursday, hitting $61.39. 5,373,635 shares of the company’s stock traded hands. Walgreen Company has a one year low of $49.02 and a one year high of $76.39. The stock has a 50-day moving average of $65.53 and a 200-day moving average of $68.22. The company has a market cap of $58.723 billion and a P/E ratio of 20.55.

Walgreen Company (NYSE:WAG) last posted its quarterly 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. Analysts expect that Walgreen Company will post $3.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a boost from Walgreen Company’s previous quarterly dividend of $0.32.

A number of other firms have also recently commented on WAG. Analysts at Bank of America upgraded shares of Walgreen Company from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $66.00 price target on the stock, up previously from $30.00. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank cut their price target on shares of Walgreen Company to $69.00 in a research note on Tuesday, August 12th. Finally, 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. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Walgreen Company presently has an average rating of “Buy” and a consensus target price of $73.09.

Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.

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