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Main » Deutsche Bank Now Covering Rite Aid (NYSE:RAD) With $2.25 Target

Deutsche Bank Now Covering Rite Aid (NYSE:RAD) With $2.25 Target

06 December 2017

(NYSE:EOG) rating on Thursday, July 20.

Rite Aid (NYSE:RAD) last issued its quarterly earnings data on Thursday, September 28th. The rating was downgraded by Goldman Sachs to "Neutral" on Thursday, October 29. As per Friday, October 6, the company rating was maintained by Mizuho. The rating was downgraded by Deutsche Bank to "Hold" on Friday, April 8. The firm has "Buy" rating by Vetr given on Friday, August 14. (NYSE:EOG) rating on Monday, August 10. The stock has "Underperform" rating by Bank of America on Friday, June 30. Gabelli Funds Limited Liability stated it has 4.43M shares. (NASDAQ:PAYX) for 6,198 shares. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/05/rite-aid-corporation-rad-upgraded-at-zacks-investment-research.html.

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward. The company trades on average around 2982000 shares per market session. It has outperformed by 0.45% the S&P500.

Among 11 analysts covering MGIC Investment Corp.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Paychex had 35 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has "Neutral" rating by JP Morgan given on Friday, November 13. Argus Research maintained the shares of PAYX in report on Thursday, December 24 with "Buy" rating. RBC Capital Markets has "Hold" rating and $10500 target. The stock has "Hold" rating by Stifel Nicolaus on Thursday, August 17. APG Asset Management N.V. now owns 15,262,729 shares of the company's stock worth $64,867,000 after buying an additional 6,315,600 shares in the last quarter. The company has an average rating of "Hold" and a consensus price target of $3.25. RBC Capital Markets has "Outperform" rating and $96.0 target. The company was upgraded on Thursday, May 11 by Bank of America.

Investors sentiment increased to 1.15 in 2017 Q2. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. It fall, as 63 investors sold EOG shares while 318 reduced holdings. 92 funds opened positions while 651 raised stakes. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 47,579 shares. (NYSE:NNN). Trust Department Mb Bank N A holds 101 shares. Fiera invested in 0% or 23,955 shares. Agf Invs accumulated 0.24% or 536,208 shares. According to their observations and findings, the stock could provide a high EPS of $-0.01/share and a low EPS of $-0.02/share. Stephens Inc Ar invested in 0.01% or 20,538 shares. Quantitative Systematic Strategies Ltd Liability accumulated 25,265 shares. Par Cap Mgmt Inc, Massachusetts-based fund reported 9.00M shares. Dimensional Fund Advsr Lp owns 2.85 million shares or 0.01% of their United States portfolio. Research And Mngmt invested 1.39% in Chevron Corporation (NYSE:CVX). Pnc Grp reported 191,174 shares. Clarivest Asset Management Ltd has invested 0.28% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Weiss Multi accumulated 98,390 shares. Thrivent Fin For Lutherans has 0.02% invested in MGIC Investment Corporation (NYSE:MTG) for 489,990 shares. The company has a quick ratio of 0.77, a current ratio of 1.74 and a debt-to-equity ratio of 9.71. 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. EOG Resources, Inc. (NYSE:EOG) has risen 17.15% since December 5, 2016 and is uptrending. They expect $-0.02 EPS, down 200.00 % or $0.04 from last year's $0.02 per share. Loop Capital began coverage on shares of Rite Aid in a report on Monday, September 11th. The Company operates under The Rite Aid name. West Oak Capital Llc bought 800 shares as the company's stock declined 41.75% while stock markets rallied. The Company's segments include Retail Pharmacy and Pharmacy Services. Companies with a high P/E ratio are typically growth stocks. The stock traded within a range of $1.86 and $2.02. It has underperformed by 71.88% the S&P500.

Rite Aid earned a daily sentiment score of 0.17 on Accern's scale. Its up 0.06, from 0.97 in 2017Q1. It worsened, as 85 investors sold Rite Aid Corporation shares while 96 reduced holdings. Among active positions in the latest quarter, 157 holders increased their positions by a total of 91.26 million shares, 162 holders decreased the positions by a total of 103.3 million shares, and 83 holders held their positions. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.01). Tdam Usa invested in 45,254 shares.

Rite Aid Corporation (RAD) ended its previous trading session at $1.88 with the Loss of -2.08%. Gamco Invsts Et Al invested in 1.01M shares. Private Advisor Group Ltd has 43,705 shares. (NYSE:EOG). Keybank National Association Oh owns 87,828 shares.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30.

Shares of Rite Aid (RAD) opened at 3.46 on Wednesday. Us Bancorp De has 32,384 shares. 77,412 were reported by Point72 Asia (Hong Kong) Limited. Fort Point Cap Ltd Co invested in 154,700 shares or 0.25% of the stock.