Walgreens Boots Alliance (NASDAQ:WBA) Given New $9.00 Price Target at Jefferies Financial Group

Walgreens Boots Alliance (NASDAQ:WBA - Free Report) had its price target trimmed by Jefferies Financial Group from $19.00 to $9.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a hold rating on the pharmacy operator's stock.

A number of other research firms have also issued reports on WBA. Evercore ISI upped their target price on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an "in-line" rating in a report on Wednesday, October 16th. TD Cowen dropped their price objective on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their price objective on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 2nd. UBS Group upped their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Morgan Stanley dropped their price objective on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Friday, October 11th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.88.

Walgreens Boots Alliance Trading Down 3.9 %

NASDAQ:WBA traded down $0.38 on Wednesday, reaching $9.35. The stock had a trading volume of 26,177,722 shares, compared to its average volume of 17,310,107. The company has a market cap of $8.07 billion, a price-to-earnings ratio of -1.39, a P/E/G ratio of 1.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.31. The firm's fifty day moving average is $9.37 and its two-hundred day moving average is $12.91. Walgreens Boots Alliance has a 12-month low of $8.22 and a 12-month high of $27.05.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The company had revenue of $37.50 billion for the quarter, compared to analyst estimates of $35.75 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Equities analysts expect that Walgreens Boots Alliance will post 1.57 EPS for the current fiscal year.

Institutional Trading of Walgreens Boots Alliance

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Walgreens Boots Alliance by 412.3% during the 4th quarter. Wellington Management Group LLP now owns 58,261 shares of the pharmacy operator's stock valued at $1,521,000 after buying an additional 46,889 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Walgreens Boots Alliance during the 1st quarter valued at approximately $339,000. Gateway Investment Advisers LLC boosted its stake in shares of Walgreens Boots Alliance by 81.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 14,024 shares of the pharmacy operator's stock valued at $304,000 after buying an additional 6,315 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Walgreens Boots Alliance by 2.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 111,706 shares of the pharmacy operator's stock valued at $2,423,000 after buying an additional 2,974 shares during the last quarter. Finally, Buckley Wealth Management LLC boosted its stake in shares of Walgreens Boots Alliance by 2.1% during the 1st quarter. Buckley Wealth Management LLC now owns 37,335 shares of the pharmacy operator's stock valued at $810,000 after buying an additional 785 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.