Sector Trader's Alert: Rite Aid Corporation (NYSE:RAD), Comcast Corporation (NASDAQ:CMCSA)


0 analysts gave its stock an Outperform rating.

RAD has been the subject of several other reports.

09/18/2017 - RBC Capital began new coverage on Rite Aid Corporation giving the company a "sector perform" rating. Guggenheim restated a "neutral" rating and set a $2.00 price target on shares of Rite Aid Corporation in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Rite Aid Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, October 4th.

When it comes to the Analysis of a Stock, Price Target plays a vital role. About 33.37M shares traded.

Analysts have a mean recommendation of 1.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The Average True Range, a measure of volatility is at 0.13, however its weekly and monthly volatility is 7.53%, 6.15% respectively.

Rite Aid Corporation (NYSE RAD) opened at 1.74 on Friday. The stock's market capitalization is 1.82B, it has a 52-week low of 1.63 and a 52-week high of 8.77. The 50 day moving average was down $-0.40 whereas the 200 day moving average was down $-1.15 or -38.19%. According to these analysts, the Low Revenue Estimate for Rite Aid Corporation is 6.98 Billion and the High Revenue Estimate is 7.78 Billion.

Shares of Rite Aid Corp (NYSE:RAD) now have an Average Brokerage Recommendation of 2.67, number of Recs in ABR is 6 while industry rank of the company by ABR is out of 265. Analysts are forecasting earnings of $-0.01 on a per share basis this quarter.

Checking on current RSI levels on shares of Rite Aid Corp (RAD), the 14-day RSI is now standing at 39.30, the 7-day is at 44.13, and the 3-day is resting at 64.55.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The hedge fund run by Sharlyn C. Heslam held 5.60 million shares of the consumer services company at the end of 2017Q2, valued at $182.33 million, up from 5.31 million at the end of the previous reported quarter. During the same period in the prior year, the company posted $0.03 EPS.

Over the past 50 days, Wyndham Worldwide Corporation stock's -0.54% off of the high and 15.45% removed from the low. Rite Aid Corporation (NYSE:RAD) has a 20-Day average volume of 39.65 Million. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws. The shares were sold at an average price of $2.09, for a total transaction of $58,915.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since October 17, 2016 and is downtrending.

Hedge funds have recently modified their holdings of the stock.

01/07/2016 - Rite Aid Corporation had its "hold" rating reiterated by analysts at Jefferies. Smithfield Trust Co. boosted its position in Rite Aid Corporation by 37.8% during the 2nd quarter.

10/29/2015 - Rite Aid Corporation was downgraded to "neutral" by analysts at Goldman Sachs. Bnp Paribas Arbitrage Sa has invested 0.03% in Estee Lauder Companies Inc (NYSE:EL).

In other Rite Aid Corporation news, Director Myrtle S. Potter sold 28,189 shares of Rite Aid Corporation stock in a transaction dated Tuesday, October 3rd. Moreover, Patten Group Incorporated Inc has 0.25% invested in Estee Lauder Companies Inc (NYSE:EL). GA ADV now owns 40,000 shares of the company's stock valued at $118,000 after purchasing an additional 9,500 shares during the period.

The company now has an insider ownership of 1 Percent and Institutional ownership of 54.4 Percent.

Rite Aid Corporation is a retail drugstore chain. The Firm operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. Its subsidiaries include Envision Insurance Company (EIC), RediClinic and Health Dialog.