Rite Aid Corporation (NYSE:RAD) persists its position slightly strong in context of buying side, while shares price increased 5.94% during latest trading session as, Zacks Investment Research raised Rite Aid Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Evercore ISI lowered Rite Aid Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of Rite Aid Corp. in a report on Friday, June 17th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $9.00 price objective on shares of Rite Aid Corp. in a report on Friday, May 20th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the firm’s stock. The firm presently has a consensus rating of “Hold” and an average price target of $9.18.
Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. RAD holds price to earnings ratio of 61.27 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue.
Narrow down focus to other ratios, the co has current ratio of 1.50 that indicates if RAD lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 0.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 11.79, sometimes its remain same with long term debt to equity ratio.
Following previous ticker characteristics, New Oriental Education & Technology Group Inc. (NYSE:EDU) also run on active notice, stock price collapsed -1.23% after traded at $43.99 in most recent trading session.
EDU has price to earnings ratio of 30.76 and the price to current year EPS stands at 16.40%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 22.64%. Moving toward ratio analysis, it has current ratio of 2.00 and quick ratio was calculated as 2.00. The debt to equity ratio appeared as 0.00 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 3.20% for a week and 2.51% for a month. The price volatility’s Average True Range for 14 days was 1.15. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 1.90 out of 1-5 scale with week’s performance of 11.42%. EDU’s institutional ownership was registered as 90.10%, while insider ownership was 0.20%.