Research Analysts Set Rite Aid Corporation (NYSE:RAD)’s Price Target At $9.25

Rite Aid Corporation

8 Analysts reported that the Price Target for Rite Aid Corporation might touch $9 high while the Average Price Target and Low price Target is $8.88 and $8 respectively. The text of the earnings release, along with the corresponding charts and supplemental information slides, will be made available immediately after the release in the Investor Relations section of the company’s website at The difference between actual earnings and estimated earnings was $0.05 per share. Rite Aid Corporation has registered a 50-day average of $7.43 and two hundred day average of $7.70. They have further given a projection the EPS growth rate of 26.11. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The Average price target is noted at $55.31, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $35.03. The insider owns 2,726,009 shares which have current market value of around $21971633.MARTINDALE KENNETH is another major inside shareholder in the company. Company gross margin stands at 61.20% whereas its return on investment (ROI) is 15.10%. The last stock price is up 5.45% relative to the 200-day moving average, compared to the SP 500 Index which has not changed over the date range. The mean price target for the shares of company is at $12.18 while the highest price target suggested by the analysts is $20.00 and low price target is $7.00.

Earnings Surprise: According to the earnings report released for Quarter Ending May-16, The Company posted actual earnings of $0.00 per share whereas the Analysts projected earnings were $0.05 per share.

Cosi Inc (COSI) mean estimate for revenue for the ongoing quarter ending Sep 16 is $22.60M by 1 analyst.

RITE AID CORPORATION (RAD) received consensus recommendation of “Hold” from Analysts polled at Thomson Reuters. (NYSE:OI) reported earnings of $0.65 per share for the period closing on 2016-06-30. Revenue for the same quarter is predicted to arrive at $8.17B. 17,690,209 shares exchanged hands during the trading day. Its share price has grown 3.20% in three months and is down -1.83% for the last five trades. Breaking those down we see that the ratings are as follows: 4 Strong Buy, 3 Rated Buy, 5 Rated Hold and 0 Rated Sell. The stock reached a high of $8.12 and a low of $7.99 for the day.

In related news, SVP Douglas E. Donley sold 34,106 shares of the company’s stock in a transaction on Wednesday, June 15th. Narrow down focus to firm performance, its weekly performance was -2.97% and monthly performance was -5.94%.