Wall Street Sees a 22% Upside in Walgreens
Walgreens is covered by 25 Wall Street analysts. The company has received a rating of 2 on a scale of 1 (strong buy) to 5 (sell). It has 72% “buy” and 28% “hold” recommendations and no “sell” recommendations.
Walgreens Boots Alliance (WBA) was trading at $76.37 as of June 22, 2017, near its 52-week low of $76.26. The company has fallen 7.7% YTD (year-to-date).
Walgreens Boots Alliance’s (WBA) proposed acquisition of Rite Aid (RAD) continues to await FTC (Federal Trade Commission) approval 20 months after the deal’s announcement.
In this article, we’ll discuss how Amazon’s latest bid to acquire Whole Foods Market has affected the drugstore sector and what it means for the industry going forward.
Walgreens Boots Alliance (WBA) will be reporting its fiscal 3Q17 results on June 29, 2017. The company is expected to report a 0.8% YoY (year-over-year) rise in its total sales.
Walgreens Boots Alliance’s (WBA) fiscal 3Q17 earnings per share (or EPS) are expected to rise 10.2% YoY (year-over-year) to $1.30.
Walgreens Boots Alliance is scheduled to release its fiscal 3Q17 results on June 29, 2017. The pharmacy giant is expected to report a 10.2% year-over-year rise in its earnings per share.
Analysts covering Conagra Brands (CAG) expect the company to post sales of $1.9 billion in fiscal 4Q17, which would be a fall of 34% YoY (year-over-year).
Conagra Brands (CAG) reported strong expansion in its margins in fiscal 3Q17. Its adjusted gross margin expanded 180 basis points that quarter.
Most analysts covering Conagra Brands (CAG) have maintained a positive outlook on the stock.
Analysts covering CAG stock expect the company to post adjusted EPS (earnings per share) of $0.37, which would be a ~29% YoY fall.
Conagra (CAG) has fallen about 5% YTD as of June 21, 2017. Much of this decline has stemmed from the company’s failed bid to acquire Pinnacle Foods.
Amazon’s (AMZN) deal with Whole Foods (WFM) would be Amazon’s biggest transaction to date—if the deal is completed.
Most of the analysts covering Target (TGT) recommend a “hold.” Sluggish sales and a challenging outlook will likely weigh on the company’s performance.
Target stock will likely remain under pressure due to increased competition, which will hurt its store traffic and result in lower sales.
About 14.0% of analysts rated MKC stock as a “buy,” and 79.0% recommended a “hold.” About 7.0% of the 14 analysts maintained a “sell” rating.
Analysts expect McCormick to post revenues of $4.6 billion in fiscal 2017, up about 3.5% on a year-over-year basis.
Analysts expect McCormick & Company (MKC) to post sales of $1.1 billion in fiscal 2Q17, up 3.5% year-over-year.
During fiscal 1Q17, McCormick’s gross margin expanded 30 basis points, driven by strategic acquisitions that lifted sales.
Analysts covering McCormick (MKC) stock expect the company to post adjusted earnings per share of $0.76, reflecting year-over-year growth of 1.3%.