Rite Aid (RAD) Stock Rises Today Following Earnings Conference Call

NEW YORK (TheStreet) -- Rite Aid (RAD) shares closed trading up 5.76% to $7.16 in trading on Monday, continuing to rally following the company's third quarter earnings conference call today.

Though the company reported results last Thursday, today's earnings call and analyst upgrade seem to have given the company's stock a fresh boost.

Exclusive Report: Jim Cramer's Best Stocks for 2015

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The company reported a 5.4% increase in same store sales during the quarter over the same period last year driven by a 4.5% increase in same store prescription count. The company reported net income of $104.8 million and adjusted EBITDA of $332.8 million during the period. Both amounts were significant improvements over last year's totals.

Analysts at Credit Suisse raised the company's price target to $8 from $7 while maintaining its "outperform" rating on the company's stock today. The company's 10 cent per share EPS for the quarter was 5 cents better than analysts' expectations for the period.

TheStreet Ratings team rates RITE AID CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate RITE AID CORP (RAD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

RAD Chart RAD data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Stocks Are Lower as Dow Heads for Eighth Straight Drop

Stocks Are Lower as Dow Heads for Eighth Straight Drop

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Soars on Stem-Cell Treatment Data

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone