AmerisourceBergen Corp. Stock Soars on Possible Walgreens Takeover

Walgreens in discussion with AmerisourceBergen over acquisition pact

Analysts Are Gushing Over NIKE, Inc. (NKE), Walgreens Boots Alliance, Inc. (WBA)

Walgreens Boots Alliance, Inc. operates as a retail drugstore chain. This data shouldn't be ignored due to the extremely float size in the stock of 1.08B shares. This showed a surprise of 1.6% in the last quarter earnings. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator's stock valued at $135,000 after purchasing an additional 2,199 shares during the period. Finally, Girard Partners LTD. boosted its stake in shares of Walgreens Boots Alliance by 1.9% during the second quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator's stock worth $105,000 after buying an additional 1,239 shares during the last quarter.

Walgreens already owns a 26 percent stake in Amerisource, including a representative on its board. (WBA) ended its previous trading session at $68.46 with the Loss of 0%. Amerisource. Amerisource had a market cap of approximately $19.6 billion, which Walgreens owns about $5.1 billion. The Current Ratio is used by investors to determine whether a company can pay short term and long term debts.

CEO Pessina drove the Walgreens-Boots Alliance deal and more recently agreed to acquire 1,932 stores from smaller USA rival Rite Aid, partly in a bid to improve its ability to negotiate for lower drug costs. Over the last six months, Walgreens Boots Alliance, Inc.'s stock has been -16.24% and -18.15% for the year. They are also projecting the Low EPS estimate of $1.35 and the High EPS estimate of $1.64.

The Return on Equity for Walgreens Boots Alliance, Inc.

Analysts believe that the company has the potential to earn average revenue of $32.18 Billion for the current quarter. During the same period a year ago, the firm posted $1.10 EPS.

NIKE, Inc. has a consensus outperform rating from 36 Wall Street analysts, and the number of shares now sold short amount to at least 1.96% of shares outstanding.

Walgreens might have been better off striking such a deal back in November, when AmeriSource shares had fallen roughly a third from their 2015 highs over worries about drug-price deflation and the company's role in the opioid crisis. The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). Stockholders of record on Thursday, February 15th will be paid a dividend of $0.40 per share.

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Amazon climbed $28.28, or 2 percent, to $1,414.51, and dollar stores, department stores and clothing companies made gains as well. The current value provides an indication to the investors the capital intensity of Walgreens Boots Alliance, Inc.

In other Walgreens Boots Alliance news, insider Stefano Pessina bought 98,858 shares of Walgreens Boots Alliance stock in a transaction dated Monday, January 15th. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AmerisourceBergen "will nearly certainly be worth less when owned by Walgreens than it is as a stand-alone company", according to RBC Capital. Natural gas rose 4 cents to $2.59 per 1,000 cubic feet.

Looking at some ROIC (Return on Invested Capital) numbers, Walgreens Boots Alliance, Inc. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $84.12. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company.

Walgreens would buy the remaining shares under the deal being considered, the Journal reported. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and global copyright & trademark laws.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

It gives the investors the idea on the company's financial leverage, measured by apportioning Walgreens Boots Alliance, Inc.'s total liabilities by its stockholders equity.

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