The reported earnings per share topped the analyst's consensus by $0.34 with the percentage difference between estimated and actual earnings arriving at 1,133.30%.
A number of other research firms have also recently commented on RAD. Mizuho decreased their price target on shares of Rite Aid to $6.75 in a report on Tuesday, January 31st. The brokerage now has a $6.58 target price on the stock.
01/07/2016 - Rite Aid Corporation had its "hold" rating reiterated by analysts at Jefferies. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.
The Company got Downgrade by Deutsche Bank on 8-Apr-16 from Buy to Hold.
Rite Aid (NYSE:RAD) traded down 1.9321% during mid-day trading on Thursday, reaching $4.9132. The company's stock had a trading volume of 24,174,748 shares. Rite Aid Corporation P/E (price to earnings) ratio is 54.07 and Forward P/E ratio of 48.44. Latest closing price was -31.58% below its 50-day moving average and -36.61% below its 200-day moving average.
Rite Aid Corporation (NYSE:RAD) share price decreased in the last trading session with a previous 52-week high of $8.77. Therefore, the stated figure displays a quarterly performance of -42.31% and year to date performance of -43.57%. 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 52-week high of $8.77. The average revenue estimate for the year ending December 2017 is $1.46B by 21 analysts. The analysts offering Earnings Estimates for the company were believing that Rite Aid Corporation (NYSE:RAD) could bring EPS of $0.04/share.
The consensus recommendation, according to Zacks Investment research, is 2.5. The corporation has a market cap of US$257.6 Billion. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/03/07/rite-aid-co-rad-raised-to-strong-buy-at-vetr-inc.html. Farallon Capital Management LLC acquired a new stake in shares of Rite Aid during the second quarter worth approximately $3,535,000.
Rice Energy Inc. (NYSE:RICE) went down -5.10% during trading on the United States exchange when it had traded 8.07M shares. The company has a current PEG Ratio of -1.83. On a weekly measure, the shares have seen a price change of -14.68%.The shares witnessed a block transaction with a net money flow of $5.45 million. The average revenue estimate for the year ending February 2017 is $32.56B by 7 analysts. Analysts anticipate that Rite Aid will post $0.06 EPS for the current fiscal year.
Based on the Stock Research the Relative Strength Index signal is in over sold territory with a range of 17.09. Finally, Highfields Capital Management LP raised its position in Rite Aid by 15.4% in the fourth quarter. The median estimate represents a 2.93% increase from the last price of 25.26.
Rite Aid Corporation is a retail drugstore chain. The Company's segments include Retail Pharmacy and Pharmacy Services.