Rite Aid Corporation (NYSE:RAD) said that it will release financial results for its Fiscal 2017 Second Quarter at 7 a.m. JPMorgan Chase & Co. reissued a “hold” rating on shares of Rite Aid Corp.in a report on Friday, June 17th. The 12-month target stock price is $9.00 with one analyst rating the company a strong buy, five firms rating the company a buy, five firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the stock as sell.
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Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0, and a price to sales ratio of 2.8. The stock’s price moved up its 200-day moving average of $71.82. The return on equity ratio or ROE stands at 27% while most common profitability ratio return on investment (ROI) was 8.2%. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of US and worldwide copyright law.
Rite Aid Corporation closed its last trading session at $8.13 with the loss of -0.62%. The company last reported EPS of $0.01 on 2016-06-16 for the quarter ended 2016-05-31.
09/18/2015 – Rite Aid Corporation had its “buy” rating reiterated by analysts at S&P Capital IQ.
Let’s have a look at some of the important valuation ratios of the Rite Aid Corporation (NYSE:RAD). It is the best estimate for earnings and revenues over that time frame.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Rite Aid Corporation (NYSE:RAD). Analysts had expected $7.57B in revenue. The firm has institutional ownership of 64.50%, while insider ownership included 0.70%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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CarMax Inc. (NYSE:KMX) [Trend Analysis] tries to capture market sentiments, shares ascend 2.84% to $56.80. Mean recommendation on this stock is 2.00. The Company operates under The Rite Aid name. The Hedge Fund company now holds 100,000 shares of RAD which is valued at $755,000. Finally, Aperio Group LLC raised its position in shares of Rite Aid Corp.by 9.2% in the first quarter. The Beta for the company stands at 1.76 and its Average True Range (ATR) shows a value of 0.16. The Company sells prescription drugs and a range of other merchandise which are referred to as front-end products. The Company’s segments include Retail Pharmacy and Pharmacy Services. It operates approximately 4, 560 stores in over 30 states across the country and in the District of Columbia. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rite Aid Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.
