What’s in Walgreens Boots Alliance Inc After Today’s Bullish Options Activity?

 What's in Walgreens Boots Alliance Inc After Today's Bullish Options Activity?

In today’s session Walgreens Boots Alliance Inc (WBA) registered an unusually high (711) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious WBA increase. With 711 contracts traded and 4444 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: WBA161216C00080000 closed last at: $2.21 or 3.5% down. About 844,444 shares traded hands. Walgreens Boots Alliance Inc (NASDAQ:WBA) has declined 4.07% since March 15, 2016 and is downtrending. It has underperformed by 9.56% the S&P500.

Analysts await Walgreens Boots Alliance Inc (NASDAQ:WBA) to report earnings on October, 26. They expect $0.99 earnings per share, up 12.50% or $0.11 from last year’s $0.88 per share. WBA’s profit will be $1.07B for 19.79 P/E if the $0.99 EPS becomes a reality. After $1.18 actual earnings per share reported by Walgreens Boots Alliance Inc for the previous quarter, Wall Street now forecasts -16.10% negative EPS growth.

Walgreens Boots Alliance Inc (NASDAQ:WBA) Ratings Coverage

Out of 10 analysts covering Walgreens Boots Alliance (NASDAQ:WBA), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Walgreens Boots Alliance has been the topic of 19 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Jefferies upgraded Walgreens Boots Alliance Inc (NASDAQ:WBA) on Monday, October 17 to “Buy” rating. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) has “Buy” rating given on Tuesday, August 30 by Deutsche Bank. Credit Suisse maintained Walgreens Boots Alliance Inc (NASDAQ:WBA) rating on Thursday, September 1. Credit Suisse has “Outperform” rating and $95 price target. The firm earned “Buy” rating on Wednesday, October 28 by RBC Capital Markets. Cowen & Co upgraded Walgreens Boots Alliance Inc (NASDAQ:WBA) on Wednesday, September 9 to “Outperform” rating. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) has “Buy” rating given on Monday, August 24 by Zacks. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) earned “Buy” rating by UBS on Thursday, October 6. Wood downgraded Walgreens Boots Alliance Inc (NASDAQ:WBA) on Friday, July 22 to “Underperform” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, June 7 report. The rating was initiated by Robert W. Baird on Friday, January 22 with “Outperform”.

According to Zacks Investment Research, “Walgreens Boots Alliance, Inc. operates as a retail drugstore chain. The Company sells prescription and non-prescription drugs, as well as general merchandise products, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. Its pharmacy, health and wellness services include retail, specialty, infusion and respiratory services, mail service and convenient care clinics. The Company offers its products and services through drugstores, as well as through mail, by telephone and online. Walgreens Boots Alliance, Inc., is based in Deerfield, Illinois.”

Walgreens Boots Alliance, Inc. is a holding company. The company has a market cap of $84.47 billion. The Firm is a pharmacy-led health and wellbeing company. It has a 27 P/E ratio. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

WBA Company Profile

Walgreens Boots Alliance, Inc., incorporated on October 2, 2014, is a holding company. The Firm is a pharmacy-led health and wellbeing company. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreen Co. (Walgreens) business, which includes the operation of retail drugstores and convenient care clinics, in addition to providing specialty pharmacy services. The Retail Pharmacy International segment consists primarily of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations. The Pharmaceutical Wholesale segment consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. The Company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, Liz Earle and Soap & Glory.

Another recent and important Walgreens Boots Alliance Inc (NASDAQ:WBA) news was published by Seekingalpha.com which published an article titled: “Walgreens Boots Alliance: The Gain You Might Miss” on October 16, 2016.

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