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Rite Aid Corporation (NYSE:RAD), General Motors Company (NYSE:GM)

20 March 2017, 07:32 | Ross Houston

Hot Stock to Watch: Rite Aid Corporation (RAD)

Zacks Rank on Rite Aid Corporation (RAD) based on Estimated Earnings

Rite Aid Corporation (NYSE:RAD) plunged -3.77% with the closing price of $4.85.

Shares in General Motors Company (NYSE:GM) declined -1.78%, trading current session at $36.42 with a total trading volume of 7.58 million shares. The Average Volume (3 months) is 26.34 Million. The oscillator ranges from 0 to -100.

Relative Strength Index (RSI) was 28.35. Target prices are used by analysts and brokers in reports to show how they anticipate a share in a particular firm to perform. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. While in the same Quarter Previous year, the Actual EPS was $0.06. The 1-year price target of the company is 6.54. They now have a Dollars 11 price target on the stock. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Presently Rite Aid Corporation (RAD) received consensus rating of " Overweight " from analysts, according to FactSet data. Mizuho decreased their price target on shares of Rite Aid to $6.75 in a research report on Tuesday, January 31st. The company's outstanding shares are 4.08 Billion. Earnings per share serves as an indicator of a company's profitability. Investors measure stock performance on the basis of a company's earnings power. The 1 year EPS growth rate is 48.60%.

For the current quarter, the highest estimate analysts provided is 8.43 Billion and the lowest is 8.13 Billion. During the same quarter in the previous year, the company earned $0.06 earnings per share.

Many analysts have provided their estimated foresights on Rite Aid Corporation Earnings, with 6 analysts believing the company would generate an Average Estimate of $0.02.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.

Rite Aid Corporation (NYSE:RAD) is expected to post revenue of $8.16 Billion in the current quarter, according to consensus of 4 analysts. The firm had revenue of $8.60 billion for the quarter. The year ago sales the company reported in the same quarter is 8.27 Billion.

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A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The stock's 50 day moving average price is $5.54 and its 200 day moving average price is $7.16. Rite Aid Co. has a 52-week low of $4.61 and a 52-week high of $8.77.

Rite Aid Corporation (RAD) topped its 52-week high price target of 8.77 on Jan 13, 2017. Norges Bank owned approximately 0.71% of Rite Aid at the end of the most recent reporting period.

The company reported its EPS on 12/22/2016.

Based on the latest brokerage notes which have been released to investors, 0 brokers have issued a rating of "strong buy", 3 brokers "buy", 4 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". The call for hold was given by 5 analysts while call for sale was recommended by 2 analysts. Last session Rite Aid Corporation RSI was seen at 31.71.

Rite Aid Corporation is a retail drugstore chain. Evercore ISI Group Downgrades the stock to Hold on 1/06/16 with no specific Price Target. This rating was issued on 4/08/16.

10/29/2015 - Rite Aid Corporation was downgraded to "neutral" by analysts at Goldman Sachs. 1,250,363 shares of the stock traded hands. The stock now shows its YTD (Year to Date) performance of -41.14 percent while its Weekly performance value is 0.41%.



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