Walgreen Price Target Increased to $43.00 by Analysts at ISI Group (WAG)
Equities research analysts at ISI Group increased their price target on shares of Walgreen (NYSE: WAG) from $38.00 to $43.00 in a research note issued to investors on Wednesday. The firm currently has a “cautious” rating on the stock.
A number of other analysts have also recently weighed in on WAG. Analysts at TheStreet reiterated a “buy” rating on shares of Walgreen in a research note to investors on Monday. Separately, analysts at UBS AG upgraded shares of Walgreen from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, March 13th. They now have a $48.00 price target on the stock, up previously from $41.00. Finally, analysts at BB&T reiterated a “buy” rating on shares of Walgreen in a research note to investors on Friday, March 8th. They now have a $53.00 price target on the stock.
Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Walgreen presently has a consensus rating of “Buy” and a consensus target price of $44.64.
Walgreen (NYSE: WAG) opened at 44.74 on Wednesday. Walgreen has a 52-week low of $28.53 and a 52-week high of $45.80. The stock’s 50-day moving average is currently $41.31. The company has a market cap of $42.284 billion and a price-to-earnings ratio of 20.24.
Walgreen (NYSE: WAG) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.02. The company had revenue of $18.65 billion for the quarter, compared to the consensus estimate of $18.72 billion. During the same quarter last year, the company posted $0.78 earnings per share. Walgreen’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Walgreen will post $3.24 earnings per share for the current fiscal year.
Walgreen Co (NYSE: WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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