Published: Sat, February 10, 2018
Business | By Max Garcia

Stock Bulletin: Rite Aid Corp (RAD)


The total amount of shares outstanding is 1.10 billion, giving the company a market capitalization of about 2.21 billion.

Rite Aid Corporation (NYSE:RAD) has seen its stock price gain 0.10, or +5.08%, so far in 2017. About 11.13 million shares traded. It has outperformed by 28.84% the S&P500.

Salzhauer Michael increased Rite Aid Corp (RAD) stake by 5349.56% reported in 2017Q3 SEC filing. They expect $0.07 EPS, 0.00% or $0.00 from last year's $0.07 per share. The hedge fund run by John Horseman held 24,300 shares of the semiconductors company at the end of 2017Q3, valued at $4.34 million, down from 42,700 at the end of the previous reported quarter. The stock price volatility remained at 2.77% in recent month and reaches at 3.13% for the week.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment.

Rite Aid Corporation (RAD)'s distance from 200 day simple moving average is -16.35 percent, its distance from 50 day simple moving average is 2.08 percent, while its distance from 20 day simple moving average is -5.95 percent. It has underperformed by 71.88% the S&P500. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Analyzing BBT this week, analysts seem to be content with keeping to their neutral forecast call at 2.5. The firm has "Buy" rating given on Thursday, August 6 by Vetr. The firm has "Hold" rating by Deutsche Bank given on Tuesday, September 22. This research report and rating ought to be used to complement individual research and plans. The stock of Cummins Inc. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with "Hold". The firm earned "Buy" rating on Tuesday, October 11 by Goldman Sachs. Loop Capital maintained the shares of DIS in report on Wednesday, January 31 with "Hold" rating.

RAD now trades at a forward P/E of 71.43, a P/B of 2.53, and a P/S of 0.09 while VOD trades at a forward P/E of 24.96, a P/B of 0.94, and a P/S of 1.27. Its up 0.09, from 1.01 in 2017Q2. Vanguard Grp invested in 0.01% or 86.11M shares. National Pension Service invested 0.15% of its portfolio in Cummins Inc. Kbc Gp Nv, a Belgium-based fund reported 98,593 shares. The firm has a market cap of $2,200.00, a PE ratio of 19.18 and a beta of 1.76.

Support is likely to come between $1.96 a share to $1.93 a share level.

The shares of the company (RAD) staged the smart recovery as has roared back some 50.72% after stumbling to its new 52-weeks low. Bancorpsouth owns 1,486 shares. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other? D E Shaw & Company has invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Boston Advsr Ltd Liability Corp holds 0% or 58,555 shares.

Investors sentiment decreased to 0.73 in 2017 Q3. It is positive, as 57 investors sold RAD shares while 77 reduced holdings. Verition Fund Management LLC purchased a new stake in Rite Aid in the 2nd quarter worth approximately $120,000. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported. Moreover, Brown Advisory Incorporated has 0% invested in Enstar Group Limited (NASDAQ:ESGR) for 1,286 shares. With 10,200 avg volume, 937 days are for THIN FILM (OTCMKTS:TFECF)'s short sellers to cover TFECF's short positions. 322,152 were accumulated by Nomura Hldgs Inc. Raab Moskowitz Asset Mngmt Ltd stated it has 23,231 shares. Leisure Capital reported 0.31% in Rite Aid Corporation (NYSE:RAD). Its down 7.53% from 179.56 million shares previously.

Rite Aid Corporation (RAD) is expected to post revenue of $5.31 Billion in the current quarter, according to consensus of 5 analysts. Punch And Assocs Inv Management Incorporated owns 37,794 shares or 0.74% of their United States portfolio. The New York-based Clearbridge Invs Ltd Liability Corp has invested 0% in Rite Aid Corporation (NYSE:RAD).

Average True Range (14) for Target Corporation (TGT) is stands at 2.11. Asset Management Of Georgia Ga Adv invested in 0.34% or 232,250 shares.

COPYRIGHT VIOLATION WARNING: "Rite Aid Co". Zacks Investment Research raised shares of Rite Aid from a "sell" rating to a "hold" rating in a research note on Friday, November 17th. Therefore 14% are positive. Rite Aid has a twelve month low of $1.38 and a twelve month high of $6.15. Vetr upgraded Rite Aid Corporation (NYSE:RAD) on Friday, August 14 to "Buy" rating. Mizuho maintained it with "Buy" rating and $130 target in Friday, February 10 report. On Wednesday, April 26 the stock rating was downgraded by Guggenheim to "Neutral". The rating was initiated by Bank of America with "Buy" on Thursday, August 13. The stock has "Neutral" rating by Credit Suisse on Thursday, January 12. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since February 6, 2017 and is downtrending. Loop Capital has "Hold" rating and $2 target.

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