Amerisource shares jump on Reports of Walgreen Buyout

Amerisource shares jump on Reports of Walgreen Buyout

(NASDAQ:WBA) gross margin percentage stands at 24.4% while its operating margin for the past trailing twelve month is 4.4 percent and its overall profit margin (ttm) is 3.2 Percent.

A number of analysts have recently commented on the company.

Analysts are scratching their heads over the benefits to be gained from Walgreens Boots Alliance buying a major drug distributor. The target implies a 26.12% spike from where the shares are now trading. (WBA) analysts on average have given a price target of $86.13 on WBA stock. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Soon after the takeover rumor surfaced on Feb 12, shares of AmerisourceBergen gained 15.7% in after-hours trading and subsequently, closed with a 0.3% rise. The company has a market capitalization of $67,820.00, a PE ratio of 18.89, a P/E/G ratio of 1.16 and a beta of 1.18. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded N/A as current ratio and on the opponent side the debt to equity ratio was 0.26 and long-term debt to equity ratio also remained 0.26. (NASDAQ:WBA) touched its 1-Year High price of $88.00 on 02/21/17 and its 1-Year Low price of $63.82 on 10/27/17.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, January 4th. Company fiscal year is ending in May and analysts' consensus recommendation is Outperform for CAG and estimated EPS for next quarter is 0.50. During the same period in the previous year, the firm earned $1.10 earnings per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. Walgreens Boots Alliance's payout ratio is now 44.20%. As a company has 119.77M shares outstanding and its current share price is $53.56, the market cap is $6.42B. This repurchase authorization permits the pharmacy operator to buy up to 5.9% of its shares through open market purchases.

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Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Annex Advisory Services LLC increased its position in shares of Walgreens Boots Alliance by 39.9% during the 2nd quarter. The stock was acquired at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future.

WARNING: This piece of content was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. The correct version of this story can be accessed at https://stocknewstimes.com/2018/02/13/walgreens-boots-alliance-inc-wba-shares-sold-by-us-bancorp-de.html.

There is one, slightly ho-hum perk that Walgreens could achieve through the deal: a boost to the company's balance sheet.

A potential acquisition of drug distributor AmerisourceBergen by Walgreens Boots Alliance is right in line with CEO Stefano Pessina's past moves, analysts say, which would add another piece to the global pharmacy empire the Italian billionaire helped assemble.

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