What is the Price Targets for Walgreens Boots Alliance Inc. (WBA)?

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Walgreens Boots Alliance Inc. (NASDAQ:WBA) saw an upside of 2.20% to close Monday at $36.67 after adding $0.79 on the day. The 5-day average trading volume is 6,401,640 shares of the company’s common stock. It has gained $36.90 in the past week and touched a new high 1 time within the past 5 days. An average of 6,845,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,294,350.

WBA’s 1-month performance is -7.24% or -$1.96 on its low of $34.30 reached on 01/05/23. The company’s shares have touched a 52-week low of $30.39 and high of $53.46, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, WBA has lost -1.85% or -$0.69 and has reached a new high 2 times. However, the current price is down -31.40% from the 52-week high price.

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Insider Transactions

WBA stock investors last saw insider trading activity on Dec 08.Walgreens Boots Alliance, Inc. (10% Owner) most recently sold 5,961,534 shares at $165.08 per share on Dec 08. This transaction cost the insider $984,130,033. EVP, Chief Medical Officer, Ban Kevin M., sold 10,303 shares at a price of $40.19 on Nov 18. Then, on Nov 17, Director SCHLICHTING NANCY M sold 16,570 shares at a price of $39.89 per share. This transaction amounted to $660,928.

Valuation Metrics

WBA stock has a beta of 0.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24 while the price-to-book (PB) in the most recent quarter is 1.54.

Walgreens Boots Alliance Inc.’s quick ratio for the period ended August 30 was 0.40, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.42, while the total debt to equity was 0.62. In terms of profitability, the gross margin trailing 12 months is 20.90%. The firm’s gross profit as reported stood at $28.27 billion against revenue of $132.7 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Walgreens Boots Alliance Inc.’s cash and short-term investments amounted to $1.88 billion against total debt of $36.41 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 196.21% to -$3.72 billion, while revenue of -$415.0 million was 88.85% off the previous quarter. Analysts expected WBA to announce $0.77 per share in earnings in its latest quarter, but it posted $0.8, representing a 3.90% surprise. EBITDA for the quarter stood at more than -$5.6 billion. WBA stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 68.29 billion, with total debt at $36.41 billion. Shareholders hold equity totaling $862.5 million.

Let’s look briefly at Walgreens Boots Alliance Inc. (WBA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 48.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.22%.

The stock’s 5-day moving average is $35.98, reflecting a -0.30% or -$0.11 change from its current price. WBA is currently trading -5.00% above its 20-day SMA, +1.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.23% and SMA200 by-15.68%.

Stochastic %K and %D was 46.20% and 38.91% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 45.18%, while the 14-day stochastic is at 65.02% with the period’s ATR at 0.92. The stock’s 9-day MACD Oscillator is pointing at -0.36 and -0.44 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for WBA stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate WBA as a “sell,”, while 14 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.

What is WBA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $36.00 and a high of $54.00, with their median price target at $40.50. Looking at these predictions, the average price target given by analysts is for Walgreens Boots Alliance Inc. (WBA) stock is $41.36.

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