Somewhat Favorable News Coverage Somewhat Unlikely to Affect Fred’s (FRED) Share Price
Media headlines about Fred’s (NASDAQ:FRED) have trended somewhat positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fred’s earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.5366775072116 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Fred's looks to sell pharmacies, real estate holdings (finance.yahoo.com)
- Fred’s (FRED) Reports Q4 Loss of 54c Per Share (streetinsider.com)
- Fred’s positive post Q1 results (seekingalpha.com)
- Fred’s Reports First Quarter 2018 Results (markets.financialcontent.com)
- Can Fred’s leaders right the ship? (bizjournals.com)
FRED stock traded up $0.06 during midday trading on Thursday, hitting $1.82. 2,382,446 shares of the company’s stock were exchanged, compared to its average volume of 1,227,382. The company has a quick ratio of 0.47, a current ratio of 1.72 and a debt-to-equity ratio of 0.92. Fred’s has a 12-month low of $1.30 and a 12-month high of $13.15. The company has a market capitalization of $65.21 million, a PE ratio of -0.49 and a beta of 1.44.
FRED has been the subject of a number of recent research reports. Zacks Investment Research upgraded Fred’s from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Loop Capital set a $4.00 price target on Fred’s and gave the stock a “hold” rating in a research note on Monday, April 30th. Finally, ValuEngine raised Fred’s from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.00.
Fred’s Company Profile
Fred's, Inc, together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers health, beauty, and personal care products; household cleaning supplies, disposable diapers, pet foods, and paper products; and various general merchandise, and food and beverage products to low, middle, and fixed income families located in small- to medium-sized towns.
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