Tuesday, 23 October, 2018

Deutsche Bank Now Covering Rite Aid (NYSE:RAD) With $2.25 Target

Nellie Chapman | 06 December, 2017, 08:57

The company has market cap of $5.55 billion. It turned negative, as 34 investors sold MGIC Investment Corporation shares while 85 reduced holdings. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.68. It has underperformed by 71.88% the S&P500. Balyasny Asset Mgmt Limited Liability reported 0% stake. The stock grabbed 46 new institutional investments totaling 21,271,078 shares while 63 institutional investors sold out their entire positions totaling 37,438,982 shares. To measure price-variation, we found RAD's volatility during a week at 12.42% and during a month it has been found around 7.44%. During the same period in the prior year, the firm earned $0.03 EPS. The volume of the company in the last trading session was 32.5 Million. About 589,328 shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since December 4, 2016 and is downtrending. It has outperformed by 0.45% the S&P500.

Rite Aid Corporation (NYSE:RAD) has received a consensus rating of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Therefore 74% are positive. As per Wednesday, August 19, the company rating was upgraded by Vetr. The company was maintained on Friday, August 5 by Citigroup. The stock of National Retail Properties, Inc. The rating was maintained by RBC Capital Markets on Monday, August 24 with "Outperform". The firm has "Neutral" rating by Credit Suisse given on Thursday, October 29. The rating was downgraded by Deutsche Bank to "Hold" on Friday, April 8. The firm earned "Buy" rating on Monday, July 11 by Stifel Nicolaus. Vetr has "Buy" rating and $10.14 target. Relative volume is a great indicator to keep a close eye on, but like most indicators it works best in conjunction with other indicators and on different time frames. Equity Residential Sh Ben In (NYSE:EQR) was reduced too.

Investors sentiment decreased to 1.02 in 2017 Q2. Its up 0.19, from 1.28 in 2017Q1. 38 funds opened positions while 124 raised stakes. Finally, Royal Bank Of Canada initiated coverage on shares of Rite Aid in a research report on Tuesday, September 19th. Cap Fund Management reported 78,756 shares. Morgan Stanley upgraded the shares of NNN in report on Thursday, July 23 to "Overweight" rating. Raymond James Fin Advsr Inc holds 90,322 shares or 0% of its portfolio. (NYSE:NNN) for 629,995 shares. Investors Asset Management of Georgia Inc. The SVP disposed these shares by way of transaction on Jun. 15, 2016. (NYSE:EOG) for 12,150 shares. Bb&T Securities invested in 0% or 31,279 shares. Honeywell Intl owns 50,110 shares. Prelude Cap Management Ltd Co reported 2,952 shares. Exxon Mobil had 77 analyst reports since July 22, 2015 according to SRatingsIntel. (NYSE:EOG) or 25,531 shares. Glg Prns LP accumulated 132,157 shares or 0.02% of the stock. Kings Point has invested 0.01% in EOG Resources, Inc.

The TTM operating margin for the company stands at 1.9%.

The investor is now holding $145.49 million shares due in part to a decrease of 11.68 million new shares in their portfolio. Its down 0.46, from 1.24 in 2017Q1.

Institutions own 51.15% of Rite Aid Corporation (RAD)'s shares. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported. Da Davidson Communications reported 30,700 shares. Stratos Wealth Ltd accumulated 183,911 shares. Supplemental Annuity Collective Of Nj holds 120,000 shares or 0.16% of its portfolio.

Shares of Rite Aid (NYSE RAD) traded down $0.04 during trading on Friday, reaching $1.88. Rite Aid Corporation's beta is 1.71 whilst the stock has an average true range (ATR) of 0.13. This showed a surprise of 0% in the last quarter earnings. Utah Retirement Systems now owns 192,500 shares of the company's stock valued at $568,000 after purchasing an additional 4,800 shares during the period.

35,350 were accumulated by Cetera Advisor Net Ltd Llc. 321.13 million shares or 5.08% more from 305.62 million shares in 2017Q1 were reported. Creative Planning holds 0% in Rite Aid Corporation (NYSE:RAD) or 321,145 shares. Jefferies Grp Inc Ltd Co holds 537,451 shares. Balyasny Asset Management Limited Liability Company holds 0% or 10,000 shares in its portfolio. Atlas Browninc holds 103,000 shares. Rhumbline Advisers has invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). Dimensional Fund Advsr Lp owns 2.85 million shares or 0.01% of their U.S. portfolio.

West Oak Capital Llc, which manages about $281.18M and $164.84 million US Long portfolio, decreased its stake in Intl Business Machines (NYSE:IBM) by 5 shares to 12,309 shares, valued at $1.89B in 2017Q2, according to the filing.