Walgreens Boots Alliance (NASDAQ:WBA) shares traded in the red on Tuesday, making it the seventh straight days of losses. The stock closed down 0.09% at $11.57.
WBA has fallen 60.3% in the last 12 months and 28% in the last one month. YTD, the stock has trailed compared to the broader S&P 500 market, which rose 14.8%, vs the company’s loss of 55.65%.
Looking at Seeking Alpha’s Quant Ratings, this Illinois-based company has Hold rating with a score of 2.61 out of 5.
When it comes to Wall Street analysis, 12 out of 19 analysts recommend a Hold, 2 rate it as a Buy, 2 rate it as a Sell, 2 rate it as Strong Sell and 1 rate it as a Strong Buy.
J.P Morgan cut its price target to $20, down from $30, while maintaining its overweight rating. Analyst Lisa Gill wrote that “while the near-term results have been challenging, we continue to view this new management team as credible.”
The company lowered its full-year outlook due to a tough overall backdrop for retail.
Seeking Alpha analysts have a Hold rating on the company.