Rite Aid Corporation (NYSE:RAD): Financial Health and Analyst Ratings

The institutional investor owned 6,100,000 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. Comerica Bank boosted its position in shares of Rite Aid Corporation by 9.2% during the second quarter. Smithfield Trust Co. boosted its position in shares of Rite Aid Corporation by 37.8% during the second quarter. Atlas Brown Inc. now owns 103,000 shares of the company's stock worth $304,000 after purchasing an additional 31,000 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Rite Aid Corporation by 8.1% during the second quarter. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC.

Litespeed Management L.L.C. boosted its position in shares of Rite Aid Corp. Rite Aid Corporation has a 52-week low of $1.54 and a 52-week high of $8.77. Finally, California Public Employees Retirement System boosted its position in shares of Rite Aid Corporation by 7.7% during the second quarter.

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Several research analysts recently commented on the company. The consensus analyst target price is $2.3. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in RAD's price. The most optimistic analyst sees the stock reaching $2.75 while the most conventional has $2 target price. Finally, Zacks Investment Research lowered shares of Rite Aid Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, October 4th. Vetr raised Rite Aid Corp. from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 30th. In this case performance of tends to percentage rate of return for a stock for a given time frame. The company now has a consensus rating of "Hold" and a consensus target price of $3.68.

The focus shift on performance of Rite Aid Corporation (NYSE:RAD) that has shown a discernible change in trend levels over the path of recent market activity.

In trying to determine the current valuation of Rite Aid Corporation (NYSE:RAD) shares, we note that the Book to Market ratio of the shares stands at 0.416913. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop. According to today's trading volume Rite Aid Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. The company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.01).

Analysts believe that the company has the potential to earn average revenue of $7.46 Billion for the current quarter. RAD now has a profit margin of 0.30%. Rite Aid Corp.'s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS.

For the current quarter, 3 analysts are projecting a mean EPS of $-0.02/share.

In other Rite Aid Corporation news, Director Myrtle S. Potter sold 28,189 shares of the firm's stock in a transaction that occurred on Tuesday, October 3rd. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The ROIC Quality of Rite Aid Corporation (NYSE:RAD) is 3.719780. The company operates in two business segments: the retail drug segment and the pharmacy benefit management segment. The Shareholder Yield of Rite Aid Corporation (NYSE:RAD) is -0.004789. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company's Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.

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