Walgreens Boots Alliance Inc (WBA) is Upgraded by Jefferies to Buy

Walgreens Boots Alliance Inc (WBA) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Walgreens Boots Alliance Inc. Company shares were Reiterated by Deutsche Bank on Aug 30, 2016 to “Buy”, Firm has raised the Price Target to $ 94 from a previous price target of $93 .

On the company’s financial health, Walgreens Boots Alliance Inc reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 6, 2016. Analyst had a consensus of $1.14. The company had revenue of $29498.00 million for the quarter, compared to analysts expectations of $29719.29 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Walgreens Boots Alliance Inc opened for trading at $78.43 and hit $78.69 on the upside on Friday, eventually ending the session at $78.31, with a gain of 0.14% or 0.11 points. The heightened volatility saw the trading volume jump to 26,57,834 shares. Company has a market cap of $84,756 M.

Investors should note that on Oct 12, 2016, Walgreens Boots Alliance Inc announced a cash dividend of $0.3750. The company’s management has announced Nov 15, 2016 as the ex-dividend date and fixed the record date on Nov 17, 2016. The payable date has been fixed on Dec 12, 2016.

In a different news, on Sep 12, 2016, Kathleen Wilson-thompson (EVP and Global Chief HRO) sold 23,996 shares at $85.00 per share price. According to the SEC, on Jul 27, 2016, William C Foote (director) sold 2,067 shares at $81.35 per share price. On Apr 18, 2016, George Rollo Fairweather (EVP and Global CFO) sold 50,000 shares at $81.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Walgreens Boots Alliance Inc. (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led health and wellbeing enterprise. It operates through three segments: Retail Pharmacy USA which consists of the Walgreens business including the operation of retail drugstores and convenient care clinics in addition to providing specialty pharmacy services; Retail Pharmacy International which consists of the Alliance Boots pharmacy-led health and beauty stores optical practices and related contract manufacturing operations and Pharmaceutical Wholesale which consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. Its portfolio of retail and business brands includes Walgreens Duane Reade Boots and Alliance Healthcare as well as global health and beauty product brands including No7 Botanics and Soap & Glory. Walgreens Boots Alliance through its subsidiary Liz Earle Beauty Co. Ltd offers the Liz Earle skincare brand.

Walgreens Boots Alliance Inc

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