Analysts See Compelling Value in Rite Aid Corp (RAD)

Rite Aid Corporation (NYSE:RAD) has a beta of 1.78, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole.

Some buy side analysts are also providing their Analysis on Rite Aid Corporation, where 0 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 6 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The business's quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts forecast that Rite Aid Corporation will post ($0.08) EPS for the current fiscal year.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -54.19%, and has a solid year to date (YTD) performance of -78.03% which means that the stock is constantly adding to its value from the previous fiscal year end price. It operates stores in the majority of the major USA metropolitan markets. Share performance for the month is now at -2.86%.

In related news, Director Myrtle S. Potter sold 28,189 shares of the stock in a transaction that occurred on Tuesday, October 3rd. Mizuho set a $2.00 price target on Rite Aid Corporation and gave the company a "hold" rating in a report on Saturday, October 7th. This showed a surprise of 0% in the last quarter earnings. A negative value would indicate that the stock has underperformed, and a positive value would indicate that shares have outperformed the S&P 500 index over the specified time-frame. The original version of this report can be viewed at For the quarter, shares have been noted at -7.39%. Stocks that have a beta value under 1 have historically been less volatile than the overall market. Pinnacle Associates Ltd. now owns 38,900 shares of the company's stock valued at $115,000 after purchasing an additional 2,900 shares during the period. Utah Retirement Systems now owns 192,500 shares of the company's stock valued at $568,000 after buying an additional 4,800 shares during the period. Short-term traders are anticipated to see a retreat of -15.44% over the course of a quarter and, with 90% chance the price will be floating in the range of $1.38 and $2.18 in this timeframe. Comerica Bank boosted its stake in shares of Rite Aid Corporation by 9.2% in the second quarter. Whereas, in last 21 trading days (one month) was surged -13.49% and plunged in last 63 trading days (quarter) of -31.69%. Pinnacle Associates Ltd. grew its position in shares of Rite Aid Corporation by 8.1% in the second quarter. Finally, Investors Asset Management of Georgia Inc.

While looking at the Stock's Performance, Rite Aid Corporation now shows a Weekly Performance of -2.69%, where Monthly Performance is -33.7%, Quarterly performance is -31.18%, 6 Months performance is -55.64% and yearly performance percentage is -74.29%. GA ADV now owns 40,000 shares of the company's stock valued at $118,000 after purchasing an additional 9,500 shares during the period. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information.

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 operates in two business segments: the retail drug segment and the pharmacy benefit management segment. The Company operates under The Rite Aid name. The Company's Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.

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