Leerink Partners has recently initiated Walgreens Boots Alliance Inc (WBA) stock to Market Perform rating, as announced on February 26, 2024, according to Finviz. Earlier, on February 20, 2024, HSBC Securities had reduced the stock from a Hold to Reduce. Barclays also initiated Underweight rating with a price target of $21. Additionally, HSBC Securities initiated Hold rating on December 22, 2023, with a target price of $27. JP Morgan analysts, in their report published on October 23, 2023, also raised Overweight rating and set a price target of $27 for Walgreens Boots Alliance Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Walgreens Boots Alliance Inc (WBA) Stock Trading Recap
On Friday, Walgreens Boots Alliance Inc (WBA) stock saw a modest uptick, ending the day at $9.21 which represents a slight increase of $0.37 or 4.19% from the prior close of $8.84. The stock opened at $8.96 and touched a low of $8.84 during the day, reaching a high of $9.3. The volume of shares traded was 18.15 million falling short of the average volume of 21.41 million.
WBA Stock Performance and Moving Averages
In recent trading, Walgreens Boots Alliance Inc (WBA) stock price has shown some volatility, fluctuating 5.02% over the last five trades and -11.70% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -55.33%, and it has plunged by -40.39% in the previous three months. Currently, WBA is trading at -4.19%, -13.03%, and -47.99% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WBA, a Healthcare sector stock, is trading -65.95% below its 52-week high but remains 8.87% above its 52-week low. The Average True Range (ATR) (14 days) of 0.41 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Walgreens Boots Alliance Inc’s Profitability and Valuation Ratios
Walgreens Boots Alliance Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.42% and a profit margin of -3.99%, with a gross margin of -55.33%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Walgreens Boots Alliance Inc’s market capitalization stands at $7.95 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 5. Additionally, the Price-to-Sales Ratio is 0.05, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.58, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 17.56% of Walgreens Boots Alliance Inc (WBA)’s shares, while financial institutions hold 61.28%.
Notable insider trades include Walgreens Boots Alliance, Inc., 10% Owner at Walgreens Boots Alliance Inc (WBA), who sold 11619998 shares on Sep 11 ’24, at $11.13 each, totaling $129.33 million. On Aug 01 ’24, Walgreens Boots Alliance, Inc., 10% Owner, sold 4438171 shares for $240.56 each, amounting to $1067.65 million. Additionally, on May 22 ’24, Walgreens Boots Alliance, Inc. sold 1859390 shares at $215.12 each, generating $400.00 million.
