While Walgreens Boots Alliance Inc has underperformed by -2.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WBA fell by -60.88%, with highs and lows ranging from $27.05 to $8.22, whereas the simple moving average fell by -48.70% in the last 200 days.
On February 26, 2024, Leerink Partners started tracking Walgreens Boots Alliance Inc (NASDAQ: WBA) recommending Market Perform. A report published by HSBC Securities on February 20, 2024, Downgraded its rating to ‘Reduce’ for WBA. Barclays also rated WBA shares as ‘Underweight’, setting a target price of $21 on the company’s shares in an initiating report dated January 03, 2024. HSBC Securities Initiated an Hold rating on December 22, 2023, and assigned a price target of $27. JP Morgan October 23, 2023d its ‘Neutral’ rating to ‘Overweight’ for WBA, as published in its report on October 23, 2023. Morgan Stanley’s report from July 03, 2023 suggests a price prediction of $27 for WBA shares, giving the stock a ‘Underweight’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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Analysis of Walgreens Boots Alliance Inc (WBA)
The current dividend for WBA investors is set at $1.23 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 2.64%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Walgreens Boots Alliance Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -33.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and WBA is recording an average volume of 20.34M. On a monthly basis, the volatility of the stock is set at 4.12%, whereas on a weekly basis, it is put at 4.63%, with a gain of 1.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.00, showing growth from the present price of $8.70, which can serve as yet another indication of whether WBA is worth investing in or should be passed over.
How Do You Analyze Walgreens Boots Alliance Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WBA shares are owned by institutional investors to the tune of 61.25% at present.
