Rite Aid (RAD) Forms $1.63 Double Bottom; Last Week Student Transportation Inc. (STB) Coverage

Student Transportation Inc. (NASDAQ:STB) Logo

Rite Aid Corporation (RAD) formed double bottom with $1.53 target or 6.00% below today’s $1.63 share price. Rite Aid Corporation (RAD) has $1.72 billion valuation. The stock decreased 0.61% or $0.01 during the last trading session, reaching $1.63. About 1.59 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since May 15, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

Among 7 analysts covering Student Transportation (NASDAQ:STB), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Student Transportation had 11 analyst reports since August 10, 2015 according to SRatingsIntel. Barrington Research downgraded the shares of STB in report on Wednesday, February 28 to “Underperform” rating. As per Wednesday, February 28, the company rating was downgraded by Raymond James. Raymond James initiated the shares of STB in report on Friday, December 2 with “Outperform” rating. BMO Capital Markets maintained it with “Market Perform” rating and $5.75 target in Monday, August 10 report. The firm has “Buy” rating given on Friday, September 22 by Stifel Nicolaus. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, September 22 report. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $6.0 target in Monday, September 11 report. The firm has “Sector Perform” rating given on Friday, June 2 by National Bank Canada. Scotia Capital maintained the stock with “Sector Perform” rating in Thursday, September 17 report. See Student Transportation Inc. (NASDAQ:STB) latest ratings:

28/02/2018 Broker: Barrington Research Old Rating: Outperform New Rating: Underperform Downgrade
28/02/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
15/02/2018 Broker: Barrington Rating: Buy New Target: $7.5

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.10, from 0.97 in 2017Q3. It worsened, as 41 investors sold Rite Aid Corporation shares while 86 reduced holdings. 45 funds opened positions while 66 raised stakes. 490.70 million shares or 4.42% less from 513.41 million shares in 2017Q3 were reported. Mufg Americas invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). 3 were accumulated by Exane Derivatives. Rhumbline Advisers holds 0% or 1.07M shares in its portfolio. Vantage Investment Advisors Limited Liability Company holds 1,000 shares. Fiera Corporation accumulated 30,769 shares. Earnest Prtn Lc has invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Raymond James & accumulated 803,270 shares. Glenmede Tru Na invested in 4,950 shares or 0% of the stock. Wellington Shields Mngmt Limited Liability Corporation stated it has 0.01% in Rite Aid Corporation (NYSE:RAD). New York-based Goldman Sachs Grp has invested 0% in Rite Aid Corporation (NYSE:RAD). Janney Montgomery Scott Limited Liability Com owns 60,431 shares or 0% of their US portfolio. Fmr Limited Company holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 10.59M shares. Metropolitan Life Insurance, a New York-based fund reported 52,886 shares. 35,417 were reported by Cibc Asset Mngmt. Switzerland-based Credit Suisse Ag has invested 0% in Rite Aid Corporation (NYSE:RAD).

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid has $11 highest and $1.5 lowest target. $4.10’s average target is 151.53% above currents $1.63 stock price. Rite Aid had 26 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with “Underperform” rating. The rating was maintained by Loop Capital with “Hold” on Friday, September 29. Vetr upgraded the shares of RAD in report on Friday, August 14 to “Buy” rating. The firm has “Buy” rating given on Thursday, August 13 by Bank of America. On Wednesday, April 26 the stock rating was downgraded by Guggenheim to “Neutral”. Cowen & Co maintained Rite Aid Corporation (NYSE:RAD) rating on Friday, April 13. Cowen & Co has “Buy” rating and $2.5000 target. Deutsche Bank downgraded the stock to “Hold” rating in Friday, April 8 report. The firm earned “Buy” rating on Thursday, August 6 by Vetr. The rating was downgraded by Evercore to “Hold” on Wednesday, January 6. The firm has “Buy” rating given on Thursday, September 17 by Mizuho.

The stock increased 0.49% or $0.04 during the last trading session, reaching $7.5. About 614,048 shares traded. Student Transportation Inc. (NASDAQ:STB) has risen 29.21% since May 15, 2017 and is uptrending. It has outperformed by 17.66% the S&P500.

Student Transportation Inc., together with its subsidiaries, provides school bus transportation and management services to public and private schools in North America. The company has market cap of $717.09 million. The firm offers contracted, managed, special needs transportation, direct-to-parent, and charter services. It has a 26.32 P/E ratio. It operates approximately 290 contracts with a fleet of 13,000 vehicles.

More important recent Student Transportation Inc. (NASDAQ:STB) news were published by: Globenewswire.com which released: “Student Transportation Announces Closing of Arrangement” on April 27, 2018, also Globenewswire.com published article titled: “Student Transportation Obtains Final Order Approving Plan of Arrangement”, Globenewswire.com published: “Student Transportation Announces Shareholder Approval of Plan of Arrangement” on April 19, 2018. More interesting news about Student Transportation Inc. (NASDAQ:STB) was released by: Globenewswire.com and their article: “Student Transportation Inc. Kicks Off Its Annual Employee Appreciation Week” with publication date: April 23, 2018.

Investors sentiment decreased to 1 in Q4 2017. Its down 1.16, from 2.16 in 2017Q3. It dived, as 11 investors sold Student Transportation Inc. shares while 19 reduced holdings. 7 funds opened positions while 23 raised stakes. 26.04 million shares or 7.62% more from 24.20 million shares in 2017Q3 were reported. Wealthtrust Axiom Ltd Company holds 2.15% or 939,855 shares in its portfolio. Bancorp Of Nova Scotia owns 48,204 shares. Northwestern Mutual Wealth Mngmt accumulated 0% or 2,728 shares. Caisse De Depot Et Placement Du Quebec accumulated 8.00 million shares or 0.11% of the stock. Scotia Incorporated has 0.07% invested in Student Transportation Inc. (NASDAQ:STB). Deroy And Devereaux Private Investment Counsel Incorporated accumulated 355,600 shares. Tower Rech Capital (Trc) stated it has 1,174 shares or 0% of all its holdings. Goldman Sachs Grp Inc reported 0% of its portfolio in Student Transportation Inc. (NASDAQ:STB). Cortina Asset Management Lc accumulated 640,610 shares. Raymond James Associates owns 36,055 shares or 0% of their US portfolio. Shell Asset Mngmt, a Netherlands-based fund reported 8,727 shares. Geode Cap Management Limited Liability Com holds 0% or 47,416 shares. National Bank Of Ny Mellon Corporation holds 0% or 10,282 shares. Glob X Management Communications Ltd Liability Corp reported 2.81M shares. Penn Cap Mngmt Com Inc invested in 0.12% or 276,842 shares.

Rite Aid Corporation (NYSE:RAD) Institutional Positions Chart