Rite Aid Corporation (NYSE:RAD)

Paterniano Del Favero
Marzo 17, 2017

Wall Street reacted positively to this news, lifting the stocks of Fred's and Rite Aid each by more than 2 percent during Tuesday afternoon trading. Out of the pool of analysts 3 gave their BUY ratings on the stock in previous month as 3 analysts having BUY in current month.

Relative Strength Index (RSI) was 26.19. The RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

In December Fred's, Walgreens and Rite Aid announced an agreement to sell Fred's 865 stores. Analysts mean target price for Extraction Oil & Gas, LLC (NASDAQ:XOG) is $25.22 while their mean recommendation is 1.70 (1=Buy, 5=sell). RAD is presenting price to cash flow of 23.13. Whereas the traders who further want to see about this, may be interested to see Price to next year's EPS that would be 27.27%. For trailing twelve months, EPS value for the stock is $-0.32. There is no concrete way to calculate a price target. The Low Price target projection by analysts is $6.25 and the Mean Price Target is $6.54.

Average price target for Rite Aid Corporation (NYSE:RAD) stock is $6.54, according to consensus of 7 analysts. They now have a United States dollars 6.5 price target on the stock.

The company's ATR (Average True Range) is 0.54. Earnings per share serves as an indicator of a company's profitability. The company beat the analyst EPS Estimate with the difference of $-0.02. Beta factor is used to measure the volatility of the stock. While in the same Quarter Previous year, the Actual EPS was $0.06. The firm's quarterly revenue was down.8% on a year-over-year basis.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. The business had revenue of $8.60 billion for the quarter. The higher end of the revenue estimate is $14.94 Billion and the lower end is $14.77 Billion. This general trend determination is based on the time-tested method of pitting varying long time frame moving averages against one another and seeing what that relationship reveals.

A moving average can help cut down the amount of "noise" on a price chart. While looking at Price-To-Book Ratio or P/B Ratio, company has a price-to-book ratio of 7.94, compared to an industry average at 2.60. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range.

RAD stock's price is now -44.47% down from its 52-week high and +5.64% up from its 52-week low. The stock hit 1-yearhigh at $8.77 and a low of $4.61 in the same period. Finally, Mizuho reissued a "positive" rating and set a $6.75 target price (down from $9.00) on shares of Rite Aid in a report on Monday, January 30th.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The company reported the earnings of $0.02/Share in the last quarter where the estimated EPS by analysts was $0.04/share. The current consensus recommendation provided by covering analysts is 2.60. Two Sigma Advisers LP now owns 3,308,304 shares of the company's stock worth $25,441,000 after buying an additional 2,431,800 shares during the last quarter.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Credit Suisse also Downgrade the company to Neutral on 29-Oct-15, 2016.

10/29/2015 - Rite Aid Corporation was downgraded to "neutral" by analysts at Goldman Sachs. (NYSE:RAD) opened at 4.92 on Thursday. Share performance for the month is now at -13.68%. And if you only bought and held RAD stock over the past 12 months, you're down down nearly 40% on your investment.

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