Published: Thu, September 21, 2017
Money | By Armando Alvarado

Does $2.44 justifies Rite Aid Corporation (RAD) shares?

Does $2.44 justifies Rite Aid Corporation (RAD) shares?

The 20-day RSI for WBA is 49.80%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure. Fifth Third Bancorp's holdings in Walgreens Boots Alliance were worth $66,760,000 at the end of the most recent quarter. The company expects synergies of more than $300 million, fully realized within four years of the initial closing. Webster Bank N.A. now owns 1,509 shares of the pharmacy operator's stock worth $125,000 after acquiring an additional 235 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Walgreens Boots Alliance in the 2nd quarter valued at about $457,000.

Among institutions that increased their positions, 88 were new positions. Richard C. Young & CO. Retirement Systems of Alabama boosted its holdings in Walgreens Boots Alliance by 1.6% in the first quarter. Glg Lp accumulated 0.88% or 2.69 million shares. Finally, Capital Planning Advisors LLC raised its position in Walgreens Boots Alliance by 5.6% in the 1st quarter. Cantab Capital Partners Llp now holds 3,742 shares worth $293,000,000. (WBA) average trading volume of 6,013,390 during the past month is 33.04% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times.

A number of brokerages recently commented on WBA. Finally, Guggenheim reaffirmed a "buy" rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. The broker set "Outperform" rating on the $86.90 billion market cap company. About shares traded. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since September 20, 2016 and is uptrending.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Walgreens Boots Alliance Inc (WBA) is sitting at -258.69.

Rite Aid Corporation (NYSE:RAD) [Trend Analysis] persist its spill of -1.7% in before trading session on Wednesday after fell down to knees -12.09% to $2.40 in previous session after it declared that it has secured regulatory clearance for an amended and restated asset purchase contract with Walgreens Boots Alliance, Inc. RBC Capital's price target of $96 suggests potential of 18.21 % from the stock's last stock close.

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Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 29th.

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Is Walgreens Boots Alliance, Inc. Of course Rite Aid's profitability from store to store is varied, but that essentially means that WBA believes that each Rite Aid store is worth around $2.26 billion. Shares price moved down from its 50 days moving average with 0.05% and remote positively from 200 days moving average with -2.23%. WBA's profit would be $1.31B giving it 16.64 P/E if the $1.22 EPS is correct.

Shares of Walgreens Boots Alliance, Inc. Next Grp has invested 0% in Rite Aid Corporation (NYSE:RAD).

The firm has annual sales growth for the past five year of 4.20%. (NASDAQ:WBA) will post $1.22 earnings per share for the current quarter, Zacks Investment Research reports.

Rite Aid will maintain ownership of 250 stores following an amended agreement between the two companies and the U.S. Federal Trade Commission. BidaskClub upgraded Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a research report on Wednesday, August 30th. Firm has a $95.00 PT on the pharmacy operator's shares. The company was maintained on Tuesday, June 7 by Bank of America.

Investors sentiment decreased to 0.92 in 2016 Q4.

Walgreens' shares also closed 1.7% lower on Tuesday. The ex-dividend date was Wednesday, August 16th. This dividend amount was represent a yield of $1.94. Walgreens Boots Alliance's dividend payout ratio (DPR) is presently 40.30%. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported. The stock was sold at an average price of $79.79, for a total value of $218,305.44.

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