Published: Wed, December 06, 2017
Money | By Armando Alvarado

Analysts' Activity to Watch: Rite Aid Corp (RAD)


MTG's SI was 5.11M shares in December as released by FINRA. (NYSE:EOG) for 15,651 shares. 3 of these were buys and 2 were sells. The Price to Sales (P/S) of the stock is 0.07, while P/B (Price to Book) stands at 2.69. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 4, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.

When we look at the Analyst Recommendations of the stock, the company has 1.77 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Osisko Gold Royalties had 24 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Rite Aid Corporation (NYSE:RAD) has "Neutral" rating given on Friday, October 6 by Mizuho. The rating was upgraded by Atlantic Securities on Tuesday, June 27 to "Overweight". The rating was downgraded by Deutsche Bank to "Hold" on Friday, April 8. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, August 17 with "Hold" rating. The rating was maintained by Loop Capital with "Hold" on Friday, September 29. They set a "sector perform" rating and a $2.50 price target on the stock. RBC Capital Markets has "Hold" rating and $10500 target. The company was upgraded on Thursday, May 11 by Bank of America. On the other side, investors are watching the first support level of $1.82. Its down 0.14, from 1.22 in 2017Q1. The investor is now holding 47,000,366 shares thanks to an increase of 25,000,000 new shares in their portfolio. Invesco Ltd reported 1.10M shares. Silvercrest Asset Grp Ltd Co stated it has 0.79% of its portfolio in EOG Resources, Inc. Andra Ap invested in 82,400 shares or 0.08% of the stock. Rhenman Ptnrs Asset Management Ab has 350,000 shares for 0.15% of their portfolio.

Apple Inc. (AAPL) shares declined -0.73% and ended the day at $169.8. Finally, Utah Retirement Systems boosted its stake in Rite Aid Corporation by 2.6% during the 2nd quarter. Qs Invsts Limited Liability Corp reported 66,293 shares or 0% of all its holdings. Vanguard Group Inc. increased its position in shares of Rite Aid by 4.2% in the first quarter. Comerica Bank now owns 44,460 shares of the company's stock valued at $111,000 after buying an additional 3,753 shares during the period.

In a note shared with investors and clients on 4 December, research professionals at Deutsche Bank started coverage for Rite Aid (NYSE:RAD) shares. Wellington Gru Llp accumulated 267,127 shares. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.86 and long-term debt to equity ratio also remained 0.73. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It has a 38.12 P/E ratio.

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Salzhauer Michael increased Rite Aid Corp (RAD) stake by 4936.23% reported in 2017Q2 SEC filing. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.09, while the High earnings estimate is $0.Comparatively, EPS for the same quarter past year was $0. After $-0.01 actual EPS reported by Rite Aid Corporation for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth. The Company operates under The Rite Aid name. About 34.17 million shares traded or 14.33% up from the average. The firm operates through Retail Pharmacy and Pharmacy Services divisions. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. Tiaa Cref Investment Mgmt Limited Liability Com holds 2.53 million shares or 0.01% of its portfolio. (NYSE:NNN). State Of Alaska Department Of Revenue holds 41,380 shares.

Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. It has underperformed by 71.88% the S&P500.

Rite Aid earned a daily sentiment score of 0.17 on Accern's scale. Its down 0.46, from 1.24 in 2017Q1. HIGHFIELDS CAPITAL MANAGEMENT LP owned 113.63% of Rite Aid Corporation (RAD) worth $90.24 million at the end of the most recent reporting period. Smithfield Trust Co. raised its stake in shares of Rite Aid by 37.8% in the second quarter. Evercore downgraded Rite Aid Corporation (NYSE:RAD) on Wednesday, January 6 to "Hold" rating. The Michigan-based Comerica Natl Bank has invested 0% in Rite Aid Corporation (NYSE:RAD). Bank of America reinitiated the shares of RAD in report on Friday, June 30 with "Underperform" rating. Supplemental Annuity Collective Of Nj holds 120,000 shares or 0.16% of its portfolio. Rite Aid Corp (NYSE:RAD) has trailing twelve month Return on Assets of 0.8%, which is key indicator of how profitable a company is relative to its total assets. Quantitative Management Limited Company reported 1.20M shares or 0.05% of all its holdings. Advisor Group Inc. boosted its position in Rite Aid by 49.8% in the second quarter. Scotia Capital Inc reported 0% stake. Cambridge Advsr reported 164,597 shares. Bb&T Ltd reported 0% in Rite Aid Corporation (NYSE:RAD). Cetera Advisor Limited Company has invested 0% in Rite Aid Corporation (NYSE:RAD).

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