Economy

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 https://www.truebluetribune.com/2017/10/18/rite-aid-corporation-rad-short-interest-up-12-5-in-september.html. 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.



Like this

Latest


19 October 2017
Quarterly Financial Watch for Edison International (NYSE:EIX)
Tiemann Inv Advsr Limited Liability Co holds 0.32% of its portfolio in Edison International (NYSE: EIX ) for 4,550 shares. Edison International , launched on April 20, 1987, is the holding company of Southern California Edison Company (SCE).

19 October 2017
Lawbreakers All-Star Update Revealed; Adds Leagues, New Maps, and More
The latter is an edgy redesign of the pre-existing Redfalls map, set at night and lit by the titular Blood Moon. The update also brings a bunch of balance changes, multiple region queueing, improved tutorials, and more.

19 October 2017
Sadio Mane named in Senegal squad despite hamstring injury
Mane damaged his hamstring in Senegal's match against Cape Verde in Praia earlier in the month and had to be substituted in the 89th minute.

19 October 2017
Emmitt Williams arrested on charges of sexual battery, false imprisonment
As a recruit, Williams took an official visit to OR in late September, and was viewed as a possible Ducks lean. According to CBS Sports, he'll appear in court later Wednesday and is being held on $3,500 bond.

19 October 2017
Two UAE Pilots Martyred While On Duty In Yemen
The UAE official news agency, WAM confirmed the modern military helicopter crashed in Yemen. Another 2,100 have died of cholera this year.

19 October 2017
UofL board votes to fire Tom Jurich from athletic director post
Until they find a replacement, Louisville's athletic director position will be filled by interim Vince Tyra. Under Jurich's leadership the past 20 years, UofL's athletics have seen a complete transformation.

19 October 2017
Delphi Automotive PLC (DLPH) stock closes 0.05% above from its SMA-50
Coliseum Capital Management Llc holds 60.83% of its portfolio in The Providence Service Corporation for 1.97 million shares. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06.

19 October 2017
Norwegian Cruise Line Holdings (NCLH) Earns Coverage Optimism Rating of 0.16
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Moreover, Sterling Capital Ltd Liability Company has 0.7% invested in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH).

19 October 2017
Maxim Integrated Products, Inc. (MXIM) Stock Rating Reaffirmed by B. Riley
Commonwealth Comml Bank Of Australia invested 0.01% of its portfolio in Maxim Integrated Products Inc . (NASDAQ: MXIM ). Kiddoo sold 25,000 shares of Maxim Integrated Products stock in a transaction on Monday, August 14th. (NASDAQ: MXIM ).

19 October 2017
Wal (WMT) Shareholder Usca Ria LLC Lowered Position
The shares were sold at an average price of $78.73, for a total transaction of $54,824,658.99. 6,859 were accumulated by Hilltop. Quantitative Limited Liability invested in 444,200 shares or 0.51% of the stock. 48,486 were accumulated by Pioneer Invest Mgmt.



Recommended