Rite Aid Corporation (NYSE:RAD) Analyst Estimates And Rating
Rite Aid Corporation (NYSE:RAD) stock is presently standing at about $4.73 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 7 analysts covering the company is $6.50, which suggests the stock could still rise over 27 percent. The highest analyst price target is $6.75, which implies a rally of 57 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 0 rate RAD a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
Deutsche Bank analysts provided their view on Rite Aid Corporation (NYSE:RAD) recently. The rating firm issued a Hold rating to this company in a research note released on Apr 08, 2016. JP Morgan analysts disclosed their opinion on Rite Aid Corporation (NYSE:RAD) recently. The rating firm gave a Neutral rating to this stock in a research note published on Nov 13, 2015. According to a research note disclosed on Oct 29, 2015, analysts at Credit Suisse have lowered their rating on these shares from Outperform to Neutral.
Rite Aid Corporation (NYSE:RAD) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its SVP Donley Douglas E sold 34,106 company shares for 265000, in a transaction on 2016-06-15. Following the transaction, the SVP is left with a stake of 48,779 shares, currently valued at $230725. Meanwhile, EVP Montini Tony sold 353,194 shares worth $2959770, through a transaction dated 2015-07-09. Following the completion of the transaction, the insider is left with a stake of 266,601 shares, amounting $1261022.73. RAD Director ANDERSON JOSEPH B JR also sold 150,000 shares, at a stock price of $8.25. This transaction occurred on 2015-04-15 totals $1237500. After this transaction, the insider’s stake stands at 299,254 shares, with a market value of $1415471.
Executives hold 1.29 percent of the stock. John T. Standley is one of the biggest insider owners in Rite Aid Corporation (NYSE:RAD), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,726,009 shares which have current market value of around $12894022.57.Kenneth A. Martindale is another major inside shareholder in the company. The insider owns 1,346,318 shares as of 0.13%, currently worth $6368084.14. Frank G. Vitrano is ranked as third insider holder of the stock. This insider holds 957,318 shares with a market value around $4528114.14 as of recent close.
Rite Aid Corporation (NYSE:RAD) Earnings Outlook
In Rite Aid Corporation (NYSE:RAD)’s latest quarter, EPS moved to $0.01 from $0.01 in preceding quarter and revenues reached at $8,089.73M compared to $8,029.81M. Analysts had expected Rite Aid Corporation (NYSE:RAD) to post net income of about $0.04 per share on $8,227.82M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.02 to $0.02. That is compared with the $0.06 in EPS it reported during the same period a year ago.