Walgreens stock price forecast: is it too cheap or a value trap?
Walgreens Boots Alliance (NYSE: WBA) stock price has become a toxic wasteland. It crashed to a low of $17 on Wednesday, much lower than its all-time high of $71.50, a 76% plunge. Walgreens has lost $85 billion in valueIts market cap has plummeted from over $100 billion to about $15 billion, a move that has left it severely undervalued. Data by SeekingAlpha shows that the company spots a forward PE ratio of 5.50, which is lower than its five-year average of 8.46 and the sector median of 5.49. Walgreens Boots Alliance is not the only pharmaceutical company that is struggling. Earlier this week, ...