Published: Sat, January 13, 2018
Finance | By Loren Pratt

The Bottom Line on EnerJex Resources, Inc. (ENRJ), Rite Aid Corporation (RAD)

The Bottom Line on EnerJex Resources, Inc. (ENRJ), Rite Aid Corporation (RAD)

Rite Aid Corporation (NYSE:RAD) reported its EPS in the last quarter as $0/Share beating the analyst estimate of $-0.02/Share by a difference of $0.02. The firm has a market cap of $2,160.00, a price-to-earnings ratio of 18.45 and a beta of 1.83. It had closed the previous session at $0.22. Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. It has underperformed by 2.48% the S&P500.

Jd Capital Management Llc decreased its stake in Rite Aid Corp (Call) (RAD) by 76.92% based on its latest 2017Q3 regulatory filing with the SEC. Ladenburg Thalmann Financial Services Inc. now owns 225,131 shares of the company's stock valued at $441,000 after purchasing an additional 59,000 shares during the last quarter. Perhaps, that suggests something about why 1.67% of the outstanding share supply is held by institutional investors.

RBC Capital now has a $2.0 target on the $2.15 billion market cap company or -1.96 % downside potential.

Rite Aid (NYSE RAD) traded up $0.05 during trading on Wednesday, reaching $2.10. About 21.01M shares traded. After a recent check, Rite Aid Corporation (NYSE: RAD) stock is found to be 6.14% volatile for the week, while 4.88% volatility is recorded for the month. It has underperformed by 71.88% the S&P500.

Since October 3, 2017, it had 0 insider purchases, and 1 sale for $58,915 activity. The stock is unnoticeable among investors as SJR reported unfavorable performance of -0.39%. Its up 0.19, from 0.78 in 2017Q2.


Several research analysts recently issued reports on RAD shares. 602.00 million shares or 0.86% less from 607.21 million shares in 2017Q2 were reported.

Institutions own 50.38% of Rite Aid Corporation (RAD)'s shares. Bailard reported 25,026 shares stake. 35,417 are held by Cibc Asset.

At the moment, the 50-day moving average of Hewlett Packard Enterprise Company (HPE) stock is at $14.13 while that of the 200 day is now reading $16.30, their 5-day, on the other hand, is at $14.90. Comml Bank Of Mellon Corp accumulated 3.34M shares or 0% of the stock. The Pennsylvania-based Glenmede Na has invested 0% in Rite Aid Corporation (NYSE:RAD). Webster National Bank & Trust N A invested in 0.01% or 40,000 shares. Jpmorgan Chase & Co has 324,996 shares for 0% of their portfolio. California State Teachers Retirement Sys owns 2.26M shares for 0.01% of their portfolio. Gamco Invsts Et Al reported 958,800 shares or 0.01% of all its holdings. Jfs Wealth Advsrs Limited Liability Com reported 0.03% in Rite Aid Corporation (NYSE:RAD). Wg Shaheen Assocs Dba Whitney has 30,100 shares. When the opening bell rang, the price was $2.96. Therefore 63% are positive.

Other hedge funds have also modified their holdings of the company. Analysts set a 12-month price target of $2.07 a share. The firm has "Buy" rating given on Friday, August 14 by Vetr. The rating was maintained by Jefferies with "Hold" on Wednesday, August 5. The company was downgraded on Tuesday, November 1 by Pacific Crest. The firm has "Neutral" rating given on Friday, December 9 by Goldman Sachs. Evercore reinitiated the stock with "Underperform" rating in Friday, June 30 report. Bank of America initiated the shares of RAD in report on Thursday, August 13 with "Buy" rating. As per Wednesday, April 26, the company rating was downgraded by Guggenheim. Mizuho downgraded the shares of RAD in report on Thursday, July 20 to "Neutral" rating. FMR LLC lifted its stake in Rite Aid by 204.0% in the 2nd quarter. Another trade for 304,260 shares valued at $10.98 million was sold by Caruso Daniel.

Fort Point Capital Partners Llc, which manages about $268.42M and $208.77 million US Long portfolio, upped its stake in Nvidia Corp (NASDAQ:NVDA) by 1,832 shares to 17,976 shares, valued at $3.21M in 2017Q3, according to the filing. This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Therefore 29% are positive. Telus Corporation had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, September 1 with "Hold". To do this, analysts often study the speed and magnitude of a stock's price movements with what are known as momentum indicators. As per Tuesday, March 21, the company rating was downgraded by Robert W. Baird. The rating was maintained by Mizuho with "Neutral" on Friday, October 6. On Friday, November 10 the stock rating was maintained by Barclays Capital with "Overweight". VIAV reported a change of -2.01% over the last week and performed -0.34% over the last month while its year to date (YTD) performance revealed an activity trend of 0.46%. The stock of Canadian Pacific Railway Limited (TSE:CP) earned "Outperform" rating by Scotia Capital on Thursday, January 19.

Like this: