Analyst Research

Stock on the Move: Rite Aid Corporation (NYSE:RAD)

Rite Aid Corporation (NYSE:RAD) received “Downgrade” rating by Deutsche Bank in a research note issued to investors on Apr-08-16 from Buy to Hold at $9.

Additionally on Mar-16-16 the stock was “Resumed” by Credit Suisse as Outperform and on Nov-13-15 the stock was “Downgraded” by JP Morgan from Overweight to Neutral at $9. Furthermore on Oct-29-15 the stock was “Downgraded” by Goldman from Buy to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 33.74 along with Average True Range (ATR 14) of 0.21, Consequently Rite Aid Corporation (NYSE:RAD)’s weekly and monthly volatility is 4.91%, 4.07% respectively. The company’s beta value is at 1.81.

In terms of Buy, Sell or Hold recommendations, Rite Aid Corporation (NYSE:RAD) has an analyst’s mean recommendation of 2.60. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Rite Aid Corporation (NYSE:RAD) shares traded -8.72% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $6.29 within the next 52-weeks. The mean target projections are based on 6 opinions, the mean target was last revised on 03/16/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $6.75 and with a conservative view have low price target of $4.75 with a standard deviation of $0.14. If seeing target price from optimistic overview then it has a 65 percent upside potential from the latest closing price of $4.08.

While considering growth estimates of the company, it has next quarter growth estimates of -200.00% whereas during current quarter it has -133.30% estimations over growth, comparing to the estimations of -75.00% during current year and -50.00% for next year. Past 5 years growth of Rite Aid Corporation (NYSE:RAD) observed at -30.12%, looking forward for the next 5 years it has a strong prediction of -31.07% over growth.

Rite Aid Corporation (NYSE:RAD)’s revenue estimates for the current quarter are $8.27B according to 6 number of analysts, for the current quarter the company has high revenue estimates of $8.43B in contradiction of low revenue estimates of $8.13B. For the current year the company’s revenue estimates are $32.6B compared to low analyst estimates of $32.43B and high estimates of $32.73B according 6 number of analysts.

Rite Aid Corporation (NYSE:RAD)’s trailing twelve month revenues are $32.57B, whereas its price to sales ratio for the same period is 0.13. Its book value per share for the most recent quarter is $0.62 while its price to book ratio for the same period is 6.58, as for as the company’s cash per share for the most recent quarter is $0.21, however its price to cash per share ratio for the same period is 19.52.  Its P/E ratio is 47.44.

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