The counter witnessed a trading volume of 0.29 million shares versus an average volume of 0.13 million shares during last trading session. Vetr upgraded Rite Aid Corporation from a "buy" rating to a "strong-buy" rating and set a $6.58 price target on the stock in a research note on Thursday, March 2nd. The stock now has Weekly Volatility of 12.91% and Monthly Volatility of 9.13%.
These analysts also forecasted Growth Estimates for the Current Quarter for RAD to be -200%. This trading sentiment put the stock on Most Active spotlight. Public Employees Retirement System of OH now owns 512,831 shares of the company's stock worth $2,180,000 after buying an additional 7,300 shares during the last quarter.
A number of research analysts have recently commented on RAD shares. Comparatively, RAD posted earnings of $0.06 per share in the same quarter, a year earlier. Rite Aid Corporation has a 12 month low of $2.90 and a 12 month high of $8.77.
J C Penney Company Inc (NYSE:JCP) was upgraded to hold from reduce at Gordon Haskett Research Advisors on Tuesday on expectations that the retailer's same-store sales are bottoming out. They now have a United States dollars 6.75 price target on the stock.
Focusing on Street analyst opinions, we can see that the current consensus target price on company shares is $6.19. The average true range of the stock is observed at 0.29 and the relative strength index of the stock is recorded at 63.64. (NASDAQ:FRED), we notice that the stock is -9.78% off of the 20-Day Simple Moving Average.
According to Finviz reported data, The SMA20 of the stock is at 22.71 percent, SMA50 is 9.62 percent, while SMA200 is -32.85 percent. Nomura Asset Management Co. Rite Aid Corporation earned a news impact score of 0.14 on Accern's scale. Tightening the gaze, stock performance for the last 5 trading days is 23.20%. The analysts estimated mean EPS at 0 while the high and low EPS estimate stand at 0.03 and -0.01 respectively.
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For a profitability analysis, there is the 72.30% gross margin to consider.
The company raised the low end of its 2017 EPS outlook and now sees $4.98-$5.08, up from a prior view of $4.90-$5.08.
Rite Aid Corporation (RAD) has a market capitalization of 4.14 Billion which suggests the company is a huge company further suggesting that the shares of Rite Aid Corporation (RAD) are stable and safe compared to the lower market capitalization companies. Fred's had signed a purchase agreement with Walgreens and Rite Aid to purchase 865 stores and certain other assets.
The objective of a stock price analysis is to study the behaviour of stock prices. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value.
Over the past full-year, Rite Aid Corporation (NYSE:RAD)'s stock has been -48.49%. The stock plummeted -15.26 percent over the past month and fell -62.26 percent year-to-date.