Markets

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

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

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The Pentwater Capital Management Lp holds 2.05 million shares with $6.06 million value, down from 15.60 million last quarter.

Valued now at $1.88, the vast majority of Wall Street analysts continue to say it's a hold.

The stock decreased 4.48% or $0.09 during the last trading session, reaching $1.92. About 462,705 shares traded or 41.38% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since December 5, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

Monetary Management Group Inc increased its stake in Eog Resources Inc (EOG) by 409.31% based on its latest 2017Q2 regulatory filing with the SEC. Brick & Kyle Associates sold 3,783 shares as Exxon Mobil Corp (XOM)'s stock rose 0.21%. Utah Retirement Systems now owns 192,500 shares of the company's stock valued at $568,000 after purchasing an additional 4,800 shares during the period. Chevron Corp New Com now has $230.28B valuation. The stock increased 2.46% or $0.36 during the last trading session, reaching $14.98. About 961,639 shares traded or 12.21% up from the average. It has underperformed by 25.78% the S&P500.

Investors sentiment decreased to 0.78 in Q2 2017. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. On a different note, the stock is 4.69% above its 50-day moving average, providing a measure of support for short positions. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.01). The insider now directly owns 299,254 shares worth $562,598. Dynamic Mngmt accumulated 384,654 shares or 0.26% of the stock.

Poundland owner Steinhoff sees its shares crash by 60%
Steinhoff's holding company is based in Amsterdam for tax reasons and has its primary listing on the Frankfurt stock exchange. The company said it will be determining whether any of the prior years' financial statements need to be restated.

Rite Aid Corporation (NYSE:RAD) closed December 04 at $1.88, down -78.56% or $6.89 from its record high price of $8.77. Huntington Retail Bank invested in 0% or 3,209 shares. The New York-based National Bank & Trust Of New York Mellon Corporation has invested 0% in Rite Aid Corporation (NYSE:RAD).

Rite Aid (NYSE:RAD) last issued its quarterly earnings results on Thursday, September 28th. Dimensional Fund Advsr Lp owns 2.77 million shares for 0% of their portfolio. Moreover, Cwm Limited Liability Corp has 0% invested in Rite Aid Corporation (NYSE:RAD). Cetera Advisor Limited Company has invested 0% in Rite Aid Corporation (NYSE:RAD). The total value of these holdings, in millions, is $1,045. Royal Bank Of Canada started coverage on Rite Aid Corporation in a research report on Tuesday, September 19th. The rating was downgraded by JP Morgan on Friday, November 13 to "Neutral". Mizuho dropped their target price on Rite Aid Corporation from $2.95 to $2.25 and set a "neutral" rating on the stock in a research report on Friday, October 6th. Fiera invested in 0% or 23,955 shares. It also reduced Digital Realty Trust Inc (NYSE:DLR) stake by 4,500 shares and now owns 22,100 shares.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 46% are positive. The company was downgraded on Thursday, July 20 by Mizuho. (NYSE:NNN) has "Outperform" rating given on Friday, February 12 by FBR Capital. Vetr upgraded the stock to "Buy" rating in Friday, August 14 report. The correct version of this article can be read at https://weekherald.com/2017/12/05/rite-aid-corporation-rad-receives-average-rating-of-hold-from-brokerages.html. Loop Capital Markets initiated the shares of RAD in report on Monday, September 11 with "Hold" rating. The company presently has a consensus rating of "Hold" and a consensus target price of $3.25. Mizuho has "Neutral" rating and $2.25 target. Deutsche Bank downgraded the shares of RAD in report on Friday, April 8 to "Hold" rating.

Investors sentiment decreased to 1.08 in Q2 2017. Its up 0.06, from 0.97 in 2017Q1. It turned negative, as 34 investors sold MGIC Investment Corporation shares while 85 reduced holdings. 74 funds opened positions while 313 raised stakes. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 17.05% with $1.05 Billion sitting short, betting on future declines. 793,298 are owned by Kbc Grp Nv.

Bnp Paribas Arbitrage reported 579,132 shares. Tnb Financial has invested 0.29% in Chevron Corporation (NYSE:CVX). Balyasny Asset Management Limited Liability Company holds 0% or 10,000 shares in its portfolio. Gamble Jones Invest Counsel holds 122,321 shares. Bb&T Securities invested in 0% or 31,279 shares. Livforsakringsbolaget Skandia Omsesidigt invested 0.63% in Chevron Corporation (NYSE:CVX). Fifth Third Commercial Bank has invested 0% in National Retail Properties, Inc. Baldwin Brothers Ma has 9,653 shares. Boston Ltd Llc, a Massachusetts-based fund reported 79,500 shares. Guggenheim Limited Liability Company stated it has 45,930 shares or 0% of all its holdings. The SVP disposed these shares by way of transaction on Jun. 15, 2016. Microchip Technology Inc (NASDAQ:MCHP) was reduced too. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Therefore 38% are positive. MGIC Investment Corp. had 33 analyst reports since August 12, 2015 according to SRatingsIntel. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, August 17 with "Hold" rating. The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, April 11. The firm earned "Neutral" rating on Thursday, October 29 by Credit Suisse. The stock of Osisko Gold Royalties Ltd. (TSE:OR) has "Outperform" rating given on Tuesday, January 24 by RBC Capital Markets. The stock has "Neutral" rating by UBS on Monday, May 2.