The shares of Rite Aid Corporation (NYSE:RAD) has been pegged with a rating of Sell by Goldman in its latest research note that was published on September 6th, 2018. The research company has also assigned a $1 price target. Goldman wasnâ€™t the only research firm that published a report of Rite Aid Corporation, with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on January 5th, 2018, to Underperform the RAD stock. The stock had earned Hold rating from Deutsche Bank when it published its report on December 4th, 2017. That day the Deutsche Bank set price target on the stock to $2.25. The stock was given Neutral rating by Mizuho in its report released on October 6th, 2017, the day when the price target on the stock was placed at $2.25. Loop Capital was of a view that RAD is Hold in its latest report on September 29th, 2017 while giving it a price target of $2. RBC Capital Mkts thinks that RAD is worth Sector Perform rating. This was contained in the firmâ€™s report on September 19th, 2017 in which the stockâ€™s price target was also moved to $2.50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The price of the stock the last time has dropped by -10.20% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 21.06.
The shares of the company dipped by -12.02% during the trading session on Monday, reaching a low of $0.4399 while ending the day at $0.44. During the trading session, a total of 32.77 million shares were traded which represents a -106.87% decline from the average session volume which is 15.84M shares. RAD had ended its last session trading at 0.50. Rite Aid Corporation currently has a market cap of $447.02M while its P/E earnings growth sits at 0.02, with a beta of 1.81. Rite Aid Corporation debt-to-equity ratio currently stands at 2.36, while its quick ratio hovers at 0.90. RAD 52-week low price stands at $0.49 while its 52-week high price is $2.12.
The company in its last quarterly report recorded -$0.01 earnings per share which is above the -$0.02 predicted by most analysts. The Rite Aid Corporation generated $5,379.65 million in revenue during the last quarter, which is slightly lower than the $5,556.02 million predicted by analysts. In the second quarter last year, the firm recorded $0.01 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 200%. Rite Aid Corporation has the potential to record -0.54 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on February 19th, 2019 where it informed investors and clients that Vale S.A. (NYSE:VALE) is now rated as Neutral. Evercore ISI also rated VALE as Initiated on January 5th, 2018, with its price target of $22 suggesting that VALE could surge by 7.71% from its current share price. Even though the stock has been trading at $13.24/share, analysts expect it to surge higher by 0.30% to reach $14.39/share. It started the day trading at $13.33 and traded between $13.06 and $13.28 throughout the trading session.
A look at its technical shows that VALEâ€™s 50-day SMA is 12.73 while its 200-day SMA stands at 13.57. The stock has a high of $16.13 for the year while the low is $10.89. The companyâ€™s P/E ratio currently sits at 10.20, while the P/B ratio is 1.55. At the moment, only of Vale S.A. shares were sold short. The companyâ€™s average trading volume currently stands at 34.77M shares, which means that the short-interest ratio is just 1.52 days. Over the past seven days, the company moved, with its shift of -3.91%. Looking further, the stock has dropped -6.02% over the past 90 days while it lost -11.17% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co sold more VALE shares, decreasing its portfolio by -3.56% during the last quarter. This move now sees Capital Research Management Co selling -5,939,726 shares in the last quarter, thus it now holds 161,009,342 shares of VALE, with a total valuation of $2,102,782,007. Capital Research Management Co meanwhile bought more VALE shares in the recently filed quarter, changing its stake to $989,484,723 worth of shares. Capital Research Management Co followed the path by decreasing its VALE portfolio by -7.53% in the quarter. This means that Capital Research Management Co sold -5,536,183 shares in the last quarter and now controls 67,961,107 shares of the VALE stock, with the valuation hitting $887,572,057.
Similarly, Aberdeen Asset Managers Ltd decreased its Vale S.A. shares by -5.77% during the recently filed quarter. After selling -3,082,096 shares in the last quarter, the firm now controls 50,321,212 shares of Vale S.A. which are valued at $657,195,029. In the same vein, Orbis Investment Management Ltd decreased its Vale S.A. shares by during the most recent reported quarter. The firm sold -12,447,659 shares during the quarter which decreased its stakes to 46,342,889 shares and is now valued at $605,238,130. Following these latest developments, around 38.50% of Vale S.A. stocks are owned by institutional investors and hedge funds.