Sell-Side Sees Upside & Positive Growth in Rite Aid Corporation (NYSE:RAD)

Lloyd Doyle
December 7, 2017

Pinnacle invested in 38,900 shares or 0% of the stock. The company has 1.14 Billion shares outstanding and 1.05 Billion shares were floated in market. Leidos Hldgs Inc now has $9.48B valuation.

Vericel Corporation (NASDAQ:VCEL) attracted a lower number of shares in volume with 0.63 million contracts traded on 05-Dec-17. About 12.00 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 6, 2016 and is uptrending.

Rite Aid Corporation (RAD) has an Analysts' Mean Recommendation of 2.9. Therefore 28% are positive. The firm has "Neutral" rating given on Wednesday, April 26 by Guggenheim.

Rite Aid Corporation (RAD) analysts on average have given a price target of $3 on RAD stock. As per Friday, October 6, the company rating was maintained by Mizuho. As per Friday, August 11, the company rating was maintained by Susquehanna.

Rite Aid Corporation is a retail drugstore chain. The Hhr Asset Management Llc holds 2.16 million shares with $86.11 million value, up from 1.55M last quarter. The firm operates through Retail Pharmacy and Pharmacy Services divisions.

The company P/E (price to earnings) ratio is 21.46 and Forward P/E ratio is 32. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. The day started at a price of $1.87 but then traded as high as $1.88 before giving part of the gains back. The shares were sold at an average price of $2.09, for a total transaction of $58,915.01.

Shares of Rite Aid (RAD) traded up $0.03 during trading hours on Friday, hitting $1.79. It has underperformed by 71.88% the S&P500.

Investors sentiment decreased to 0.78 in 2017 Q2. Its up 0.14, from 1.04 in 2017Q1. Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Friday, August 14. 50 funds opened positions while 91 raised stakes. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,412,603 shares of the company's stock valued at $15,967,000 after purchasing an additional 2,711,300 shares in the last quarter. Rite Aid has a 52-week low of $1.38 and a 52-week high of $8.77.

Rite Aid Corporation (RAD) performance during the last one year degraded -78.16 percent, while its year to date (YTD) performance showed a negative trend of -78.64 percent. The Florida-based Harvey Management Incorporated has invested 0.1% in Rite Aid Corporation (NYSE:RAD).

The company's ATR (Average True Range) is 0.14. Cls Invs Ltd holds 141 shares. Rite Aid Corporation's institutional ownership is 52.2%, while its institutional transactions stand at -2.22%. The Company operates under The Rite Aid name. Atlantic Group Llc accumulated 0.03% or 132,475 shares. Equitec Proprietary Markets Ltd Com stated it has 346,000 shares. Robecosam Ag owns 44,650 shares. Mariner Wealth Advsr Ltd Limited Liability Company owns 18,000 shares for 0% of their portfolio. (NASDAQ:CSCO). Adams Diversified Equity Fund has 0.48% invested in Cisco Systems, Inc. First Republic Investment Mgmt owns 105,363 shares.

Investors sentiment increased to 1.18 in Q2 2017. Pathstone Family Office Ltd Liability Corp invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD).

Hhr Asset Management Llc decreased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 154,929 shares to 567,669 valued at $79.99 million in 2017Q2.

Analysts await Leidos Holdings, Inc. The company reported a loss that compared unfavorably with the year-ago earnings figure. The low EPS estimate is $-0.09, while the high EPS estimate is $0.

The company's diluted EPS for trailing twelve months was 0.08.

EPS Estimate for the next Quarter is -0.02. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.9. Therefore 14% are positive. Leidos Holdings had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Wednesday, July 5 by BMO Capital Markets. Credit Suisse upgraded the stock to "Outperform" rating in Monday, November 21 report. (NYSE:LDOS) on Thursday, August 17 with "Hold" rating. The stock of Dick's Sporting Goods, Inc. (NYSE:LDOS) has "Neutral" rating given on Wednesday, December 14 by Goldman Sachs. The rating was maintained by Drexel Hamilton on Friday, June 23 with "Buy". The rating was maintained by SunTrust with "Buy" on Wednesday, October 18. Bank of America has "Buy" rating and $11 target. The firm has "Buy" rating given on Wednesday, August 19 by Vetr. (NYSE:DKS), 10 have Buy rating, 1 Sell and 25 Hold.

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