Citigroup offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. It operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.
Trading at a still cheap 8.98 times estimated 2023 earnings, this stock looks very reasonable in what remains a volatile stock market and in a sector that has dramatically lagged.
The dividend yield here is 4.55%. Oppenheimer’s $79 price target is a Wall Street high. The consensus target is $56.89, and Citigroup stock closed on Monday at 45.77.
Walgreens
This huge drugstore chain operator is a safe retail play for investors looking to add health care now. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.
The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.
The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.
The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.
Walgreens Boots Alliance stock comes with a 4.75% dividend. The $54 Cowen target price compares with the $42.24 consensus target and Monday’s closing share price of $41.06.
Shares of these five top companies are trading at very reasonable levels, come with solid dividends and, most of all, are solid value plays in a market that looks poised to trade lower after a big run over the past eight weeks. They should not only hold up if the selling does indeed return but offer outstanding total return potential in 2023.
Originally published at 24/7 Wall St.
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