Financial Indicators and Analyst Sentiment for Rite Aid Corporation (NYSE:RAD)

13 October, 2017, 23:47 | Author: Regina Silva
  • As part of the deal Walgreens will own 1,932 Rite Aid stores three distribution centers and related inventory with the acquisition of the company for $4.375 billion

Tig Advisors Llc acquired 597,719 shares as Rite Aid Corp (RAD)'s stock declined 41.75%. At the moment, the average analyst rating for RAD is Hold. The stock has "Underweight" rating by JP Morgan on Thursday, October 12. As per Friday, August 14, the company rating was upgraded by Vetr. Bank of America Corporation reiterated an "underperform" rating and issued a $2.00 price objective on shares of Rite Aid Corporation in a research report on Friday, June 30th. The firm earned "Neutral" rating on Thursday, July 20 by Mizuho.

In the past 5 years, the stock showed growth of -30.12% per annum. The rating was downgraded by Evercore to "Hold" on Wednesday, January 6. Rite Aid Corporation now has a consensus rating of "Hold" and a consensus price target of $3.73. Analysts expect next quarter's EPS will be $0.97 with next year's EPS anticipated to be $0.11. The company posted an earnings surprise of 0%. The stock decreased 0.14% or $0.05 during the last trading session, reaching $35.05. The market capitalization of the company is at $1.88 Billion.

Amazon.com, Inc. (NASDAQ:AMZN) now has a PEG ratio of 4.55 where as its P/E ratio is 252.57. It operates through two operating divisions: subscription and services. It tells an investor how quickly a company is increasing its revenues. For the most recent quarter, quick ratio was 0.7, current ratio was 1.7, LT Debt/Equity ratio was 12.88 and Total Debt/Equity ratio stands at 12.92, while Payout ratio is 0. National Planning Corp reported 0.03% stake. Aberdeen Asset Management PLC UK grew its position in Rite Aid Corporation by 94.1% in the second quarter. Tudor Corporation Et Al owns 8,899 shares. 63,115 are held by Lpl Financial Limited Liability Co. Gemmer Asset Management Ltd Com has 30,000 shares. Group holds 24,053 shares. The California-based Pacific Mngmt has invested 0.8% in Mobile Mini Inc (NASDAQ:MINI). Prudential Inc has invested 0% in Mobile Mini Inc (NASDAQ:MINI). Quantitative Investment Management LLC purchased a new stake in shares of Rite Aid Corporation in the second quarter valued at about $3,544,000. Raymond James And Associate owns 68,664 shares or 0.01% of their USA portfolio. Community Savings Bank Na reported 2.17% stake. Vantage Investment Advsr Limited reported 2,792 shares. Mobile Mini had 10 analyst reports since July 28, 2015 according to SRatingsIntel. Credit Suisse maintained it with "Underperform" rating and $110 target in Tuesday, October 18 report. The rating was maintained by Oppenheimer on Friday, July 21 with "Buy". The rating was maintained by Wells Fargo on Wednesday, April 26 with "Market Perform". The stock of Mobile Mini Inc (NASDAQ:MINI) has "Outperform" rating given on Monday, April 4 by Oppenheimer. In the last earnings report the EPS was $0.08 and is expected to be $0.92 for the current year with 1,048,547,000 shares now outstanding.

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Shares of Valero Energy Corporation (NYSE:VLO) are making a strong comeback as they have jumped 48.02% since bottoming out at $53 on October 12, 2016. It has underperformed by 71.88% the S&P500.

Investors sentiment increased to 1.26 in Q2 2017. Its down 0.46, from 1.24 in 2017Q1. It is positive, as 35 investors sold Ciena Corporation shares while 86 reduced holdings. 50 funds opened positions while 91 raised stakes. The active investment managers in our partner's database now hold: 539.25 million shares, down from 567.71 million shares in 2017Q1. Glenmede Tru Na reported 8,850 shares. Nadler Finance Group invested 0.01% in Rite Aid Corporation (NYSE:RAD). Philadelphia accumulated 33,165 shares. 12,000 are owned by Shikiar Asset Inc. Blackrock reported 0.01% in Rite Aid Corporation (NYSE:RAD). Royal Savings Bank Of Canada holds 1.16M shares. Fmr Ltd Liability Corp invested in 29.12 million shares. Rite Aid Corp now has $1.86 billion valuation.

Taking a look at a public company's Earnings per Share (EPS) is a good way of evaluating its profitability. Fincl Architects holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 1,000 shares. Teacher Retirement Sys Of Texas holds 0% or 82,377 shares in its portfolio.

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