Science

Should You Hold Rite Aid Corporation (NYSE:RAD)

Smithfield Trust Co. now owns 37,650 shares of the company's stock worth $111,000 after buying an additional 10,330 shares in the last quarter.

Rite Aid Corp (RAD) shares are showing negative signals short-term as the stock has finished lower by -11.22% for the week.

S Muoio & Company increased Rite Aid Corp (RAD) stake by 370.85% reported in 2017Q2 SEC filing. Smithfield Trust Co. boosted its position in shares of Rite Aid Corporation by 37.8% in the 2nd quarter. Finally, Investors Asset Management of Georgia Inc. Mark Sheptoff Financial Planning LLC now owns 314,155 shares of the company's stock worth $927,000 after acquiring an additional 4,199 shares during the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -3.17 and -7.61 respectively. Pinnacle Associates Ltd. now owns 38,900 shares of the company's stock worth $115,000 after acquiring an additional 2,900 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Rite Aid Corporation by 49.8% during the second quarter. The stock decreased 1.10% or $0.33 on October 13, reaching $29.74. Institutional investors and hedge funds own 52.62% of the company's stock.

The Return on Invested Capital (aka ROIC) for Rite Aid Corporation (NYSE:RAD) is 0.056587. The stock is now moving below its 20-Day Simple Moving Average of -19.83% with a 50-Day Simple Moving Average of -23.7 percent. The company has market cap of $1.88 billion. Rite Aid Corporation (RAD) stock price dropped with downswing change of -19.83% when it was compared to 20-day moving average. Rite Aid Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Potter Myrtle S has sold 28,189 shares of Rite Aid Corporation (RAD) in trading session dated October 03, 2017.

Rite Aid Corporation (RAD) reported earning per shares for the quarter ending Sep 28 BMO at -0.01, whereas, 4 number of analysts estimated the mean EPS at -0.04. Sure, the percentage is encouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. While in the same Quarter Previous year, the Actual EPS was $0.02.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash.

A number of research analysts have issued reports on the company.

06/30/2017 - Rite Aid Corporation had its "outperform" rating reiterated by analysts at Cowen.

The consensus recommendation, according to Zacks Investment research, is 2.67. Rite Aid had 21 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America has "Underperform" rating and $2 target. Finally, Royal Bank Of Canada initiated coverage on Rite Aid Corporation in a report on Tuesday, September 19th.

Based on the latest brokerage notes which have been released to investors, 0 brokers have issued a rating of "strong buy", 1 brokers "buy", 6 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". Guggenheim restated a "neutral" rating on shares of Rite Aid Corporation in a report on Monday, July 3rd. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and global trademark and copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/16/rite-aid-corporation-rad-given-a-2-00-price-target-by-mizuho-analysts.html. RAD is down around 6.32% from its 12-month high of $1.63 notched on Oct 12, 2017 but is -404.02% above its highest point the past 12 months of $8.77 a share. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. They issued an "underperform" rating and a $2.50 price objective for the company.

Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. The Company's segments include Retail Pharmacy and Pharmacy Services. There is only one arguable direction for Rite Aid now and that is a sale. It operates stores in the majority of the major USA metropolitan markets.



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