Freds (FRED) : The consensus on Freds (FRED) based on 6 analyst recommendation on the company stock is 3.67, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Freds (FRED) : 4 Wall Street analysts covering Freds (FRED) believe that the average level the stock could reach for the short term is $13.5. The maximum price target given is $17 and the minimum target for short term is around $10, hence the standard deviation is calculated at $2.89.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Freds (NASDAQ:FRED). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Deutsche Bank lowers the price target from $12 per share to $10 per share. The rating by the firm was issued on August 31, 2016.
Freds (NASDAQ:FRED): After opening at $9.74, the stock dipped to an intraday low of $9.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.97 and the buying power remained strong till the end. The stock closed at $9.96 for the day, a gain of 1.32% for the day session. The total traded volume was 679,841. The stocks close on the previous trading day was $9.83.
Freds Inc. (Freds) is an operator of general merchandise stores. The Company operates approximately 660 discount general merchandise stores, including around 19 franchised Freds stores, in 15 states in the southeastern United States. The Company has around 370 full service pharmacies in its stores. The Company offers different product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden. Freds Xpress stores offer pharmacy services along with a scaled-down, convenience centered general merchandise area. The Companys Xpress stores typically sell primarily pharmaceuticals, other health and beauty related items, and general merchandise offerings, mainly consumables. The Company also has a specialty pharmacy facility, EIRIS Health Services.