Walgreens Boots Alliance, Inc. (WBA) Market Cap To Touch $85.03B
Walgreens Boots Alliance, Inc. (WBA) Market Cap To Touch $85.03B
Shaun Curry | AFP | Getty Images Stefano Pessina
16 February, 2018, 05:55
Soon after the takeover rumor surfaced on Feb 12, shares of AmerisourceBergen gained 15.7% in after-hours trading and subsequently, closed with a 0.3% rise. The volume of 6.78 Million shares climbed up over an trading activity of 6.14 Million shares. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. The Firm has ATR of 1.17 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. The total market cap for the stock is $67.58B while it has a PE ratio of 18.91, its price-to-earnings-growth ratio reads 0.56 while it has a beta of 1.16.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, January 4th. According to the Analysts, the Low Earnings estimate for the current quarter is $1.35, while the High earnings estimate is $1.64.Comparatively, EPS for the same quarter past year was $1.43.
The company's Average Revenue Estimate for the current quarter is $34.14 Billion, while Low and High Revenue Estimates are $32.78 Billion and $35.94 Billion respectively. During the same period in the previous year, the business earned $1.10 earnings per share. analysts forecast that Walgreens Boots Alliance will post 5.71 earnings per share for the current year. The company's outstanding shares are 466.37 Million. The drug distributor has a market value of $19.6 billion. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Walgreens Boots Alliance's payout ratio is now 44.20%. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
AmerisourceBergen "will nearly certainly be worth less when owned by Walgreens than it is as a stand-alone company", according to RBC Capital. The correct version of this article can be read at https://www.thelincolnianonline.com/2018/02/14/walgreens-boots-alliance-inc-wba-given-consensus-rating-of-buy-by-analysts.html.
Leerink analyst Ana Gupte said the Walgreens-AmerisourceBergen deal would be "poised to improve the profitability of the drug store giant through purchasing power with generics and branded drug manufacturers".
Walgreens has made an offer to buy AmerisourceBergen.
More broadly, ABC shares sold off during the recent stock market correction - shedding 15.8% from their January 29 two-year peak of $106.26 to last night's close at $89.45. Stock has got OUTPERFORM rating from 9 analyst (s) whereas last month 9 analyst (s) have given outperform rating. Walgreens Boots Alliance presently has a consensus rating of "Buy" and a consensus price target of $85.53. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/14/walgreens-boots-alliance-inc-wba-shares-sold-by-oppenheimer-co-inc.html.
TRADEMARK VIOLATION NOTICE: This article was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. Walgreens Boots Alliance's payout ratio is now 44.20%.
Three drug distributors - AmerisourceBergen, McKesson, and Cardinal Health - distribute about 90% of the US's medications to pharmacies and hospitals.
The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to AmerisourceBergen Corp. about a potential deal several weeks ago.
Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. T-Mobile US, Inc. (NASDAQ:TMUS) 's institutional ownership was registered as 37.10%, while insider ownership was 0.10%.
It increased, as 21 investors sold WEX shares while 40 reduced holdings. 48 funds opened positions while 136 raised stakes. The stock showed unconvincing performance of -8.80% after taking comparison with 50-period moving average.
Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system.
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