The Value of Rite Aid Corporation (NYSE:RAD) Underpriced by 31.7%?

James Marshall
November 14, 2017

About 1.25 million shares traded.

In other news, Director Myrtle S. Potter sold 28,189 shares of the stock in a transaction on Tuesday, October 3rd. The stock's last price was lower from the average trading price of 50 days recorded at $2.01 while enlarging the period to 200 trading days, the average price was $3.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Institutional investors own 52.97% of the company's stock. Pennsylvania-based Lincoln National Corp has invested 0% in Rite Aid Corporation (NYSE:RAD). The portion of a company's profit allocated to each outstanding share of common stock was $0.08 a share in the trailing twelve months. Stifel Financial Corp boosted its position in Rite Aid Corporation by 71.5% during the 2nd quarter. The stock has a beta value of 1.74. The hedge fund run by David Costen Haley held 1.14M shares of the medical and nursing services company at the end of 2017Q2, valued at $3.36 million, up from 240,000 at the end of the previous reported quarter. Quinn Opportunity Prtn Ltd Llc has invested 0.84% of its portfolio in Rite Aid Corporation (NYSE:RAD). BlackRock Inc. now owns 50,473,198 shares of the company's stock worth $214,510,000 after acquiring an additional 49,482,563 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Rite Aid Corporation by 1.7% during the third quarter. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. Anglogold Ashanti Limited had 11 analyst reports since August 18, 2015 according to SRatingsIntel. Loop Capital restated a "hold" rating and set a $2.00 price objective (down previously from $2.50) on shares of Rite Aid Corporation in a report on Friday, September 29th. The stock of Rite Aid Corporation (NYSE:RAD) has "Neutral" rating given on Thursday, October 29 by Goldman Sachs.

Three months ago, on the other hand, the average analyst rating for Rite Aid Corporation (RAD) was a Hold - from a survey of 5 analysts. Royal Bank Of Canada began coverage on shares of Rite Aid Corporation in a research note on Tuesday, September 19th.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -53.5%, and has a solid year to date (YTD) performance of -80.95% which means that the stock is constantly adding to its value from the previous fiscal year end price. Guggenheim reaffirmed a "neutral" rating on shares of Rite Aid Corporation in a research note on Monday, July 3rd. Royal Bank Of Canada's price objective would suggest a potential upside of 27.39% from the company's current price.

Rite Aid Corporation (NYSE:RAD) closed its last session at $1.57. 30,393,100 shares of the company were exchanged, compared to its average volume of 22,049,686.

Rite Aid Corporation (NYSE:RAD) recovered 13.77% of its value since hitting low of $1.38.

Rite Aid Corporation (NYSE:RAD) last issued its quarterly earnings results on Thursday, September 28th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). Ruggie Capital Grp has invested 0% in Rite Aid Corporation (NYSE:RAD).

2 number of analysts have estimated the sales of the company for the quarter ending Sep 20, 2017- Sep 25, 2017, analysts estimated mean sale target of 5105.94 million while high and low sale targets are estimated at 5131.67 million and 5080.2 million respectively. During the same quarter past year, the business posted $0.03 earnings per share.

Wall Street analysts are predicting that Rite Aid Corp (NYSE:RAD) will report earnings per share of $-0.02 in their quarterly report. Camber Cap Mngmt Lc reported 0.72% in Rite Aid Corporation (NYSE:RAD). If you are reading this article on another site, it was illegally stolen and republished in violation of USA and global copyright laws. Rite Aid Corp now has $1.67B valuation. The company operates in two business segments: the retail drug segment and the pharmacy benefit management segment. Da Davidson has invested 0% in Rite Aid Corporation (NYSE:RAD). It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia.

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