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Stocks Reach Their 3-Year Lows

- By Shuda Xia

Dr. Reddy's Laboratories Ltd. (RDY), Rite Aid Corp. (RAD), World Fuel Services Corp (INT) and Target Corp (TGT) have reached their three-year lows.

Dr. Reddy's Laboratories Ltd. (RDY) reached $39.68

The prices of Dr. Reddy's Laboratories Ltd. shares have declined to $39.68, which is only 3.7% above the three-year low of $38.23.


Dr. Reddy's Laboratories Ltd. is an Indian international pharmaceutical company based in Hyderabad, India. The company manufactures and markets a variety of pharmaceuticals, including over 190 medications and 60 active pharmaceutical ingredients, both in India and internationally. The company's primary products include diagnostic kits, critical care, and biotechnology products.

Dr. Reddy's Laboratories Ltd. has a market cap of $6.58 billion; its shares were traded around $39.68 with a P/E ratio of 39.04 and P/S ratio of 3.08. The trailing 12-month dividend yield of Dr. Reddy's Laboratories Ltd. stocks is 0.75%. The forward dividend yield of Dr. Reddy's Laboratories Ltd. stocks is 0.76%. Dr. Reddy's Laboratories Ltd. had an annual average earnings growth of 27.2% over the past 10 years.

On March 3, Dr. Reddy's Laboratories Ltd announced that it had completed the acquisition of 100% stake in Imperial Credit Private Limited, a non-banking finance company based out of Kolkata. The company acquired the stake for a consideration of 20.5 million rupees, equivalent to around $313,000.

Rite Aid Corp (RAD) Reached $4.57

The prices of Rite Aid Corp. (RAD) shares have declined to $4.57, which is only 3.9% above the three-year low of $4.39.

Rite Aid Corp. is a Fortune 500 American drugstore chain. The company is the largest drugstore chain on the East Coast and the third largest in the U.S. Walgreens announced on Oct. 27, 2015, that it would acquire Rite Aid for $17.4 billion. However, the acquisition is still pending approval by the Federal Trade Commission.

Rite Aid Corp. has a market cap of $4.81 billion; its shares were traded around $4.57 with a P/E ratio of 57.15 and P/S ratio of 0.16. Rite Aid Corp. had an annual average earnings growth of 17.2% over the past five years.

On March 15, Rite Aid Corp. announced that its pharmacies are ready to administer the MMR vaccine due to the increased number of mumps cases across the country. The MMR vaccine is available upon request at Ride Aid pharmacies in 28 states, including Tennessee, Michigan, Mississippi, Ohio, California and the District of Columbia.

World Fuel Services Corp. (INT) reached $35.14

The prices of World Fuel Services Corp. (INT) shares have declined to $35.14, which is only 3.7% above the three-year low of $33.83.

World Fuel Services Corp. is an American Fortune 100 company that provides marketing and financing for aviation, marine and ground transportation fuel products and related services. The company ships at more than 3,500 locations around the world, producing more than one million barrels of fuel per day. The company has over 5,000 employees and 8,000 service locations as of 2016.

World Fuel Services Corp. has a market cap of $2.46 billion; its shares were traded around $35.14 with a P/E ratio of 19.31 and P/S ratio of 0.10. The trailing 12-month dividend yield of World Fuel Services Corp. stocks is 0.69%. The forward dividend yield of World Fuel Services Corp. stocks is 0.68%. World Fuel Services Corp. had an annual average earnings growth of 11.1% over the past 10 years.

On March 3, World Fuel Services Corp. announced that its Board of Directors has declared a quarterly cash dividend of 6 cents on its common stock. The dividend is payable on April 7 to shareholders of record at the close of business on March 17.

Target Corp. (TGT) reached $53.12

The prices of Target Corp. (TGT) shares have declined to $53.12, which is only 0.7% above the three-year low of $52.77.

Target Corp. is an American international discount store retailer and a component of the S&P 500 Index. It is the second largest discount store retailer in the U.S. behind Walmart. The company retails beauty, health, clothing, electronics and other products. As of 2016, the company operates 1,803 stores in the U.S. and has 341,000 employees.

Target Corp. has a market cap of $29.36 billion; its shares were traded around $53.12 with a P/E ratio of 11.28 and P/S ratio of 0.45. The trailing 12-month dividend yield of Target Corp. stocks is 4.44%. The forward dividend yield of Target Corp. stocks is 4.52%. Target Corp. had an annual average earnings growth of 4.7% over the past 10 years.

On Feb. 28 Target Corp. announced released its fourth quarter and full year 2016 earnings. Fourth quarter comparable sales decreased 1.5% compared to the guidance range of 1.5% to 1.0% and fourth quarter comparable digital channel sales increased 34%. Overall, the company's full-year adjusted EPS increased 6.7% to a total of $5.01.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.