Rite Aid Corporation (RAD) closed at $3.95 in the last trading session

Owen Stevens
May 16, 2017

The stock presently has a consensus rating of "Hold" and a consensus price target of $6.58. Its sales stood at 4.70% a year on average in the period of last five years. It was reported on May, 12 by Barchart.com. (NYSE:RAD) traded up 4.05% during trading on Monday, reaching $4.11. Rite Aid had 14 analyst reports since August 6, 2015 according to SRatingsIntel. Therefore 80% are positive. After this sale, 299,254 common shares of RAD are directly owned by the insider, with total stake valued at $1,229,934. 4 advised "Hold Rating" regarding the stock. As per Wednesday, August 19, the company rating was upgraded by Vetr. Canaccord Genuity maintained it with "Buy" rating and GBX 310 target in Thursday, August 18 report. On Monday, April 24 the stock rating was maintained by RBC Capital Markets with "Buy". Toronto Dominion Comml Bank reported 9,090 shares stake. The stock of Telit Communications Plc (LON:TCM) has "Buy" rating given on Wednesday, May 11 by Canaccord Genuity. The stock of Continental AG (ETR:CON) has "Buy" rating given on Friday, October 23 by Bankhaus Lampe. Over the extended term, the stock has outperform the S&P 500 by 0.96%.

About 710,958 shares traded. Mark Sheptoff Financial Planning LLC now owns 314,255 shares of the company's stock worth $2,417,000 after buying an additional 2,800 shares during the period. It has underperformed by 57.97% the S&P500.

Continental AG is an automotive supplier. The company has market cap of 468.92 million GBP. The Company's divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 34.12 P/E ratio. The Firm develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).

Many analysts are providing their Estimated Earnings analysis for Rite Aid Corporation and for the current quarter 2 analysts have projected that the stock could give an Average Earnings estimate of $-0.01/share. According to analysts minimum EPS for the current quarter is expected at -$0.01 and can go high up to -$0.01.

Rite Aid Corporation (NYSE:RAD) share price decreased in the last trading session with a previous 52-week high of $8.77. Therefore 36% are positive. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price.

While looking at the Stock's Performance, Rite Aid Corporation now shows a Weekly Performance of -3.89%, where Monthly Performance is -13.57%, Quarterly performance is -29.59%, 6 Months performance is -40.78% and yearly performance percentage is -50.69%. The correct version of this story can be accessed at https://sportsperspectives.com/2017/05/11/stock-traders-purchase-high-volume-of-rite-aid-put-options-rad-updated-updated.html.

By historical standards, Rite Aid Corporation remains a cheap stock. The firm has "Neutral" rating by JP Morgan given on Friday, November 13. On Friday, August 14 the stock rating was upgraded by Vetr to "Buy". As per Thursday, August 13, the company rating was initiated by Bank of America. Credit Suisse downgraded the stock to "Neutral" rating in Thursday, October 29 report. The company was downgraded on Wednesday, April 26 by Guggenheim. Vetr has "Buy" rating and $10.14 target. Rite Aid's fourth-quarter fiscal 2016 earnings results, which included a top- and bottom-line beat, show that the embattled drug store chain is performing much better than RAD stock has. It has a 1171.97 P/E ratio.

On Tuesday, both Rite Aid and Walgreens said they have met requests by the Federal Trade Commission for information about their planned merger.

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