Rite Aid Corp (NYSE:RAD) shares traded 0.59% up during most recent session to reach at the closing price of $1.7. The stock exchanged hands 6.06 Million shares versus average trading capacity of 12.55 Million shares, yielding a market cap of $1.77 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $1.97 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Rite Aid Corp (NYSE:RAD) high price target of $2.35 and with a conservative view have low price target of $1.25.
Evercore ISI Group “Initiates Coverage On” Rite Aid Corp (NYSE:RAD) in a research note issued to investors on 1/05/18 to Underperform with price target of $1.5.
Additionally on 12/04/17 Deutsche Bank “Initiates Coverage On” Rite Aid Corp (NYSE:RAD) to Hold setting price target at $2.3 and on 9/29/17 Loop Capital “Maintained” the stock to Hold at $2. Furthermore on 9/19/17 RBC Capital “Initiates Coverage On” the stock to Sector Perform at $2.5.
On the other hand the company has Relative Strength Index (RSI 14) of 44.92 along with Average True Range (ATR 14) of 0.09, Consequently Rite Aid Corp (NYSE:RAD)’s weekly and monthly volatility is 2.61%, 5.20% respectively. The company’s beta value is at 1.69.
In terms of Buy, Sell or Hold recommendations, Rite Aid Corp (NYSE:RAD) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Rite Aid Corp (NYSE:RAD)’s minimum EPS for the current quarter is at $-0.02 and can go high up to $0.04. The consensus mean EPS for the current quarter is at $0.01 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.01 earnings per share for the same quarter during last year.
Previously Rite Aid Corp (NYSE:RAD) reported $-0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.01 by $0. The company posted an earnings surprise of 0%.
Rite Aid Corp (NYSE:RAD)’s revenue estimates for the current quarter are $5.31 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $5.41 Billion in contradiction of low revenue estimates of $5.2 Billion. For the current year the company’s revenue estimates are $21.74 Billion compared to low analyst estimates of $21.15 Billion and high estimates of $22.15 Billion according to 8 number of analysts.
Currently Rite Aid Corp (NYSE:RAD)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 52.7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.06%.
Rite Aid Corp (NYSE:RAD)’s trailing twelve month revenues are $21.48 Billion, whereas its price to sales ratio for the same period is 0.08. Its book value per share for the most recent quarter is $1.52 while its price to book ratio for the same period is 1.12, as for as the company’s cash per share for the most recent quarter is $0.43, however its price to cash per share ratio for the same period is 3.96. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.