The shares of Rite Aid Corporation (NYSE:RAD) has been pegged with a rating of Sell by Goldman in its latest research note that was published on September 6th, 2018. The research company has also assigned a $1 price target. Goldman wasn’t the only research firm that published a report of Rite Aid Corporation, with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on January 5th, 2018, to Underperform the RAD stock. The stock had earned Hold rating from Deutsche Bank when it published its report on December 4th, 2017. That day the Deutsche Bank set price target on the stock to $2.25. The stock was given Neutral rating by Mizuho in its report released on October 6th, 2017, the day when the price target on the stock was placed at $2.25. Loop Capital was of a view that RAD is Hold in its latest report on September 29th, 2017 while giving it a price target of $2. RBC Capital Mkts thinks that RAD is worth Sector Perform rating. This was contained in the firm’s report on September 19th, 2017 in which the stock’s price target was also moved to $2.50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $1.25. The price of the stock the last time has raised by 5.10% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 34.65.
The shares of the company dipped by -0.96% during the trading session on Thursday, reaching a low of $1 while ending the day at $1.03. During the trading session, a total of 15.21 million shares were traded which represents a -28.22% decline from the average session volume which is 11.86M shares. RAD had ended its last session trading at 1.04. Rite Aid Corporation currently has a market cap of $1.12B while its P/E earnings growth sits at 0.05, with a beta of 1.43. Rite Aid Corporation debt-to-equity ratio currently stands at 2.42, while its quick ratio hovers at 0.90. RAD 52-week low price stands at $0.98 while its 52-week high price is $2.55.
The company in its last quarterly report recorded -$0.01 earnings per share which is below the -$0.01 predicted by most analysts. The Rite Aid Corporation generated $5,421.36 million in revenue during the last quarter, which is slightly higher than the $5,363.17 million predicted by analysts. In the second quarter last year, the firm recorded -$0.01 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by 0%. Rite Aid Corporation has the potential to record -0.54 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Raymond James published a research note on October 9th, 2018 where it informed investors and clients that Vodafone Group Plc (NASDAQ:VOD) is now rated as Mkt Perform. Evercore ISI also rated VOD as Initiated on January 5th, 2018, with its price target of $41 suggesting that VOD could surge by 18.95% from its current share price. Even though the stock has been trading at $20.72/share, analysts expect it to surge higher by 0.14% to reach $25.60/share. It started the day trading at $20.77 and traded between $20.33 and $20.75 throughout the trading session.
A look at its technical shows that VOD’s 50-day SMA is 20.15 while its 200-day SMA stands at 24.44. The company’s average trading volume currently stands at 8.63M shares, which means that the short-interest ratio is just 0.41 days. Over the past seven days, the company moved, with its shift of -4.33%. Looking further, the stock has dropped -3.44% over the past 90 days while it lost -17.59% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Hotchkis Wiley Capital Manageme bought more VOD shares, increasing its portfolio by +15.46% during the last quarter. This move now sees Hotchkis Wiley Capital Manageme purchasing 3,062,491 shares in the last quarter, thus it now holds 22,865,265 shares of VOD, with a total valuation of $432,839,466. Fisher Asset Management LLC meanwhile sold more VOD shares in the recently filed quarter, changing its stake to $401,792,979 worth of shares. T Rowe Price Associates Inc followed the path by decreasing its VOD portfolio by -5.15% in the quarter. This means that T Rowe Price Associates Inc sold -1,115,803 shares in the last quarter and now controls 20,538,205 shares of the VOD stock, with the valuation hitting $388,788,221.
Similarly, Morgan Stanley Smith Barney LLC decreased its Vodafone Group Plc shares by -7.25% during the recently filed quarter. After selling -835,117 shares in the last quarter, the firm now controls 10,683,659 shares of Vodafone Group Plc which are valued at $202,241,665. In the same vein, Dimensional Fund Advisors LP decreased its Vodafone Group Plc shares by during the most recent reported quarter. The firm sold -217,682 shares during the quarter which decreased its stakes to 7,147,891 shares and is now valued at $135,309,577. Following these latest developments, around 0.20% of Vodafone Group Plc stocks are owned by institutional investors and hedge funds.