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.
Amazon’s (AMZN) deal with Whole Foods (WFM) would be Amazon’s biggest transaction to date—if the deal is completed.
Kroger (KR) reported an in-line profit of $0.58 per share and topped revenue expectations for fiscal 1Q18. But its comps dropped 0.2%.
Kroger’s (KR) guidance cut after its fiscal 1Q18 results sparked a host of analyst actions. J.P. Morgan downgraded the stock to “neutral” from “buy.”
Kroger’s top line improved 4.9% YoY (year-over-year) in fiscal 1Q18, reaching ~$36.3 billion, which beat the Wall Street expectation of a 3.4% increase.
Kroger’s margins have been under pressure from rising competition and deflation over the past couple of quarters.
Kroger (KR) reported its financial results for fiscal 1Q18 on June 15, recording in-line earnings and better-than-consensus top-line forecasts.
As competition increased, premium grocer Whole Foods Market (WFM) failed to compete with the low-priced products on the shelves of Kroger (KR) and Walmart (WMT).
News of the Whole Foods acquisition has already given Amazon a boost, pushing its stock up 2.4% and adding $11.0 billion to its market cap, which nearly pays for the $13.7 billion deal.
Amazon (AMZN) announced on Friday, June 16, 2017, that it has entered into a definitive agreement to acquire Whole Foods Market (WFM) for $13.7 billion in an all-cash transaction.
Despite challenges and shoppers spending less on big-ticket items, Walmart managed to report positive comps across all of its US segments.
Recently, Aldi announced that it plans to invest $3.4 billion and expand its store count to 2,500 in the US (SPY) by the end of 2022.
According to a recent report from The Capital Forum, the FTC is set to block the pending merger of Walgreens Boots Alliance (WBA) and Rite Aid (RAD).
Kroger has 56% “buy” recommendations and 36% “hold” recommendations, for a rating of 2.3 on a scale of 1 (strong buy) to 5 (sell).