Walgreens Boots Alliance Stock Rises on CVS Health’s 2024 Guidance
December 11, 2023
🌥️Trending News
Walgreens Boots Alliance ($NASDAQ:WBA) (WBA) stock has surged today following the announcement from CVS Health of their 2024 guidance. Investors responded positively to the news, resulting in a 3% increase in WBA stock prices. With a mission to help people across the world lead healthier and happier lives, WBA operates three global divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. By providing customers with access to high quality products, services, and advice, WBA ensures better health and wellbeing for its customers in global markets.
The company also provides integrated retail and healthcare services to support customers through their wellness journey. Given today’s positive news from CVS Health, investors are eagerly awaiting further updates from WBA about their future plans. Analysts are optimistic that WBA will continue to benefit from this positive news and its stock price will rise further in the coming days.
Price History
On Thursday, WALGREENS BOOTS ALLIANCE stock opened at $21.5 and closed at $22.9, an impressive 7.2% increase from its previous closing price of $21.4. Analysts believe that this promising outlook for CVS Health could be beneficial for Walgreens Boots Alliance, as the two companies have been long-standing competitors in the pharmaceutical industry. Thus, investors have responded favorably to this news, bidding up the stock price of Walgreens Boots Alliance in the process. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WBA. More…
| Total Revenues | Net Income | Net Margin |
| 139.08k | -3.08k | -2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WBA. More…
| Operations | Investing | Financing |
| 2.26k | -3.09k | -887 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WBA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 96.63k | 68.14k | 23.18 |
Key Ratios Snapshot
Some of the financial key ratios for WBA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.1% | -41.5% | -3.5% |
| FCF Margin | ROE | ROA |
| 0.1% | -14.7% | -3.1% |
Analysis
GoodWhale conducted an analysis of WALGREENS BOOTS ALLIANCE’s wellbeing to determine its overall financial health. According to our Star Chart, WALGREENS BOOTS ALLIANCE is strong in dividend, medium in profitability and weak in asset and growth. After delving deeper into the data, we found that WALGREENS BOOTS ALLIANCE has an intermediate health score of 6/10 when considering its cashflows and debt, meaning it might be able to safely ride out any crisis without the risk of bankruptcy. With this in mind, we classified WALGREENS BOOTS ALLIANCE as a ‘cow’, a type of company with the track record of paying out consistent and sustainable dividends. This type of company may be suitable for investors looking for long-term returns and steady income. As such, those looking for dividend-based investments may be particularly interested in WALGREENS BOOTS ALLIANCE’s stock. More…
Peers
Walgreens Boots Alliance Inc. operates in the retail pharmacy industry. The company’s main competitors are Clicks Group Ltd, Rite Aid Corp, and Hai-O Enterprise Bhd. Walgreens Boots Alliance Inc. is the largest retail pharmacy chain in the United States. The company operates over 9,000 stores in the United States and Puerto Rico.
– Clicks Group Ltd ($OTCPK:CLCGY)
Clicks Group Ltd is a South African company that owns the Clicks and Musica retail chains. It has a market capitalization of 3.74 billion as of 2022 and a return on equity of 41.88%. The company sells a variety of products including books, music, movies, and games. It also has a loyalty program called Clicks ClubCard.
– Rite Aid Corp ($NYSE:RAD)
Rite Aid Corporation is a drugstore chain in the United States. The company’s market cap is $228.4 million and its ROE is 240.91%. Rite Aid operates over 4,000 stores in 31 states and the District of Columbia. The company offers a wide variety of products and services, including prescriptions, health and wellness products, and photo finishing services.
– Hai-O Enterprise Bhd ($KLSE:7668)
Hai-O Enterprise Berhad is an investment holding company. The Company, through its subsidiaries, is engaged in the retail and direct selling of Chinese herbal products, Chinese proprietary medicines, health food, consumer products, and beauty and wellness products. It also provides management, marketing, and logistic services.
Summary
Walgreens Boots Alliance (WBA) is a large pharmaceutical retailer and wholesaler. The company has a diverse portfolio of products and services, including drug stores, health and beauty stores, pharmacies, and prescription services. In recent times, the stock price of WBA has experienced a strong uptick on news of the company’s strong financial performance and management decisions. Analysts have been predicting a strong upside potential for WBA in the near future. The company’s improving financials are supported by a large customer base and robust growth in operational efficiencies.
Additionally, WBA’s initiatives to expand its OTC business, focus on e-commerce and cost control measures are expected to further boost the company’s financials in the long run. Hence, this makes WBA a sound investment option that should be considered by investors.
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