Evercore reinitiated Rite Aid Corporation (NYSE:RAD) rating on Friday, June 30.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Rite Aid Corporation by 0.4% in the second quarter. For the past 5 years, the company's revenue has grown 4.7%, while the company's earnings per share has grown 15%. BlackRock Inc. increased its position in Rite Aid Corporation by 4,995.0% during the first quarter. So to answer this concerns frequently used tools of financial ratio analysis is profitability ratios, which are used to determine the company's bottom line and its return to its investors. Rite Aid Corporation earned a media sentiment score of 0.11 on Accern's scale.
The company surged 9.79% and closed its last trading session at $1.43. Stifel Financial Corp boosted its position in Rite Aid Corporation by 71.5% during the 2nd quarter.
Rite Aid Corp (NYSE:RAD)'s revenue estimates for the current quarter are $7.46 Billion according to 3 number of analysts, for the current quarter the company has high revenue estimates of $7.78 Billion in contradiction of low revenue estimates of $6.98 Billion. Alliancebernstein L.P. raised its holdings in Rite Aid Corporation by 95.9% in the 1st quarter. The stock witnessed -4.85% declines, -32.62% declines and -61.8% declines for the 1-month, 3-month and 6-month period, respectively. 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. 5,818,662 shares of the stock were exchanged, compared to its average volume of 27,871,166. Rite Aid Corp (NYSE:RAD)'s price sits -21.08% off from its 50-day moving average of $1.82 and -52.53% away from the stock's 200-day moving average which is $2.64. The firm attains 0.44 for Average True Range for 14 days.
Rite Aid Corporation (NYSE:RAD) last posted its quarterly earnings results on Thursday, September 28th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01).
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Moving toward the return on equity, that was booked as 14%, while return on assets was 0.80%. In contrast to the year ago quarter EPS was at 0.09. Loop Capital initiated coverage on shares of Rite Aid Corporation in a research report on Monday, September 11th. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and global copyright laws.
A number of research analysts have issued reports on RAD shares.
On October 25, 2017 Royal Bank Of Canada released research on RAD stating a rating of "Hold" and price target of $2.00. Zacks Investment Research upgraded shares of Rite Aid Corporation from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 29th.
Currently, the stock carries a price to earnings ratio of 19.15, a price to book ratio of 2.24, and a price to sales ratio of 0.05. The most optimistic analyst sees the stock reaching $2.75 while the most conventional has $2 target price. The stock of BB&T Corporation (NYSE:BBT) has "Hold" rating given on Tuesday, August 15 by Piper Jaffray. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Mizuho updated its forecast on RAD stating a rating of "Hold" and establishing a price target of $2.00. In a transaction dated Jul. 09, 2015, the shares were put up for sale at an average price of $8.38, raking in a sum of $2,959,766. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Pub Employees Retirement Of Ohio has invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). The Company's divisions include Retail Pharmacy and Pharmacy Services. Tiaa Cref Investment Mngmt Ltd Limited Liability Company invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD).
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 Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.