Walgreens Boots Alliance, Inc. (WBA) PT Set at $72.00 by SunTrust Banks, Inc.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has been given a $72.00 price objective by research analysts at SunTrust Banks, Inc. in a research note issued on Sunday. The firm presently has a “hold” rating on the pharmacy operator’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 6.97% from the company’s current price.

Several other brokerages have also recently issued reports on WBA. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada initiated coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Buy” and an average target price of $90.18.

Walgreens Boots Alliance (WBA) opened at 67.31 on Friday. Walgreens Boots Alliance has a one year low of $67.21 and a one year high of $89.69. The stock’s 50 day moving average price is $78.27 and its 200-day moving average price is $80.61. The firm has a market cap of $72.03 billion, a price-to-earnings ratio of 17.00 and a beta of 1.25.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share buyback plan on Thursday, June 29th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: “Walgreens Boots Alliance, Inc. (WBA) PT Set at $72.00 by SunTrust Banks, Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/17/walgreens-boots-alliance-inc-wba-pt-set-at-72-00-by-suntrust-banks-inc.html.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Hudock Capital Group LLC lifted its position in Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the period. Modera Wealth Management LLC raised its position in Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after acquiring an additional 9 shares during the period. Flagship Harbor Advisors LLC raised its position in Walgreens Boots Alliance by 0.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after acquiring an additional 16 shares during the period. Sowell Financial Services LLC raised its position in Walgreens Boots Alliance by 0.6% in the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after acquiring an additional 17 shares during the period. Finally, WealthTrust Arizona LLC raised its position in Walgreens Boots Alliance by 0.4% in the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after acquiring an additional 21 shares du

Several other brokerages have also recently issued reports on WBA. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada initiated coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Buy” and an average target price of $90.18.

Walgreens Boots Alliance (WBA) opened at 67.31 on Friday. Walgreens Boots Alliance has a one year low of $67.21 and a one year high of $89.69. The stock’s 50 day moving average price is $78.27 and its 200-day moving average price is $80.61. The firm has a market cap of $72.03 billion, a price-to-earnings ratio of 17.00 and a beta of 1.25.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share buyback plan on Thursday, June 29th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: “Walgreens Boots Alliance, Inc. (WBA) PT Set at $72.00 by SunTrust Banks, Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/17/walgreens-boots-alliance-inc-wba-pt-set-at-72-00-by-suntrust-banks-inc.html.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Hudock Capital Group LLC lifted its position in Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the period. Modera Wealth Management LLC raised its position in Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after acquiring an additional 9 shares during the period. Flagship Harbor Advisors LLC raised its position in Walgreens Boots Alliance by 0.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after acquiring an additional 16 shares during the period. Sowell Financial Services LLC raised its position in Walgreens Boots Alliance by 0.6% in the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after acquiring an additional 17 shares during the period. Finally, WealthTrust Arizona LLC raised its position in Walgreens Boots Alliance by 0.4% in the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after acquiring an additional 21 shares during the period. Institutional investors own 60.14% of the company’s stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

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