Its quick ratio for most recent quarter is 0.70 along with current ratio for most recent quarter of 1.60. 1 Month Ago, shares have been suggested as BUY from 2 brokerage firms and recommended as Strong Buy by 10 brokerage firms.0 brokerage firms have issued Sell rating for the company and Strong Sell rating was issued by 0 brokerage firms.4 brokerage firms have rated the company as a Hold.
Citi acted as Rite Aid's exclusive financial adviser.
Following Earnings result, share price were DOWN 17 times out of last 27 Qtrs. The institutional investor owned 12,257 shares of the pharmacy operator's stock after buying an additional 3,426 shares during the period. Strs Ohio increased its stake in shares of Rite Aid Corp.by 40.3% in the second quarter. CSCO last month stock price volatility remained 1.32%.
The average true range of Walgreens Boots Alliance, Inc.'s (WBA) is recorded at 1.39 and the relative strength index of the stock stands 58.88. As we dig deeper into their earnings forecasts, it appears that both companies will exceed analysts' expectations on top and bottom lines. However Rite Aid before the M&A process started was trading around 10x EBITDA, implying that its average store was worth around this multiple, and the sector even today is not far from that multiple. (NYSE:RAD) traded down 1.103% on Wednesday, hitting $8.515. The company reached its 52-Week high of $8.21 on Dec 12, 2016 and 52-Week low of $2.2 on Jan 20, 2016. Bank of America Corporation represents Distance from 200-Day simple Moving Average as 46.77 Percent. The stock price is going above to its 52 week low with 22.91% and lagging behind from its 52 week high with -1.95%. During the same quarter in the previous year, the business posted $0.88 earnings per share.
Rite Aid Corporation (NYSE:RAD) reported its last earnings on 09/22/2016.
Bank of America Corporation (NYSE:BAC), Rite Aid Corporation (NYSE:RAD)
Rite Aid Corporation (NYSE:RAD) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.17% to 8.60 with around 4.23 Million shares have changed hands in this session.
While looking at the Stock's Performance, Rite Aid Corporation now shows a Weekly Performance of 2.87%, where Monthly Performance is 12.26%, Quarterly performance is 6.3%, 6 Months performance is 11.38% and yearly performance percentage is 9.4%.
WARNING: "P Schoenfeld Asset Management LP Raises Stake in Rite Aid Corp". If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. The stock has received "0" rating after consensus analysis from analysts.
Wall Street analysts expect the Pennsylvania-based company to report EPS of four cents. And a quick view of analyst notes show that 11 are rating the stock a buy while 7 rate WBA a strong buy. The stock price is moving down from its 20 days moving average with -1.28% and isolated positively from 50 days moving average with 8.31%.
Rite Aid Corporation is a retail drugstore chain. And on that call, Fred's CEO Mike Bloom reiterated that growth in retail and specialty pharmacy was key. Assuming that those stores have an EBITDA margin of around 5%, in line with Rite Aid's margin, each store brings an EBITDA of $ 250k, and 865 stores bring an EBITDA of around $216m.
Steady Stock: Huntington Bancshares Incorporated (NASDAQ:HBAN)
Nomura upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 30th. The most optimistic analyst sees the stock reaching $15.50 while the most conventional predicts the target price at $11.00.