A number of other research firms have also recently commented on RAD. Mizuho lowered their price objective on shares of Rite Aid to $6.75 in a research report on Tuesday, January 31st.
When it comes to the Analysis of a Stock, Price Target plays a vital role. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.
The Company got Downgrade by Deutsche Bank on 8-Apr-16 from Buy to Hold.
Several sell side analysts reviewed their recommendations on Rite Aid Corporation (NYSE:RAD) where 0 analyst have rated the stock as Strong Buy, 3 analysts said it's a Buy, 5 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (NASDAQ:CSCO) declined -0.32%, trading current session at $34.08 with a total trading volume of 4.74 million shares. The stock's price-to-book ratio is 8.08 and the forward price-to-earnings (P/E) ratio is 58.26. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -12.24%.
Rite Aid Corporation has 52 week low of $4.68 and a 52 week high of $8.77 with a PE ratio of 59.81 and has a market capitalization of $0.
Rite Aid (NYSE:RAD) last released its earnings results on Thursday, December 22nd. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.03 earnings per share. The return on equity ratio or ROE stands at 6.7 percent while most common profitability ratio return on investment (ROI) was 4.6 percent. The company has a 1 Year high price target of $6.89. My reason was very simple: The upside was a quarter and change, but if something happened with the Walgreens Rite Aid merger, then RAD stock would be worth no more than $5/share. The business's quarterly revenue was down.8% on a year-over-year basis. Rite Aid Corporation (NYSE:RAD) now has a P/E Ratio of 65.19.
"Rite Aid Co. (RAD) Cut to Sell at Zacks Investment Research" was originally published by BBNS and is the sole property of of BBNS. There were about 319.62M shares outstanding which made its market cap $9.81B. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/03/08/vetr-inc-upgrades-rite-aid-co-rad-to-strong-buy.html.
Global Payments Inc. (NYSE:GPN) [Trend Analysis] shows fluctuation in active trade, on Monday shares slightly up 0.85% to $80.89. The net money flow was $7.98 million and the up/down ratio was 1.23. Sand Grove Capital Management LLP raised its position in Rite Aid by 375.2% in the second quarter. These analysts have also projected a Low Estimate of $0/share and a High Estimate of $0.06/share. The EPS for the most recent quarter is -0.04.
The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. Finally, Highfields Capital Management LP raised its position in Rite Aid by 15.4% in the fourth quarter. The analysts believe that the company stock price could grow as high as $9.
Rite Aid Corporation is a retail drugstore chain.