Discussion stirs around Rite Aid Corporation (NYSE:RAD) this week; here is what analysts are saying.

January 18, 2018 - By Ellis Scott

 Discussion stirs around Rite Aid Corporation (NYSE:RAD) this week; here is what analysts are saying.
Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.19, from 0.78 in 2017Q2. It is positive, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported.
Boston Private Wealth Ltd Llc invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Canal Insurance stated it has 0.62% of its portfolio in Rite Aid Corporation (NYSE:RAD). Gm Advisory Group Incorporated Inc reported 15,000 shares stake. Old Mutual Customised Solutions (Proprietary) has 0.01% invested in Rite Aid Corporation (NYSE:RAD). Glacier Peak Cap Limited Liability stated it has 0.1% in Rite Aid Corporation (NYSE:RAD). Swiss National Bank & Trust reported 1.76 million shares. Ruggie Capital Gru has 1,000 shares. Jfs Wealth Advisors Ltd Liability Corp invested 0.03% in Rite Aid Corporation (NYSE:RAD). Raymond James Financial Serv Inc reported 0% stake. Moreover, Keybank Natl Association Oh has 0% invested in Rite Aid Corporation (NYSE:RAD) for 11,748 shares. Jane Street Ltd reported 138,849 shares. Tower Research Limited Co (Trc) reported 0% stake. California-based Reilly Fin Advsrs has invested 0% in Rite Aid Corporation (NYSE:RAD). Park Circle invested in 300,000 shares. Northwestern Mutual Wealth Mngmt Communication invested 0% in Rite Aid Corporation (NYSE:RAD).

Since October 3, 2017, it had 0 insider purchases, and 1 insider sale for $58,915 activity.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Friday, April 8. Evercore reinitiated it with “Underperform” rating and $2.50 target in Friday, June 30 report. Loop Capital maintained Rite Aid Corporation (NYSE:RAD) on Friday, September 29 with “Hold” rating. The company was maintained on Thursday, September 17 by Mizuho. As per Friday, October 6, the company rating was maintained by Mizuho. Evercore downgraded the stock to “Hold” rating in Wednesday, January 6 report. The firm has “Buy” rating by Vetr given on Thursday, August 6. The firm earned “Neutral” rating on Thursday, July 20 by Mizuho. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 29. Vetr upgraded Rite Aid Corporation (NYSE:RAD) on Wednesday, August 19 to “Buy” rating. Below is a list of Rite Aid Corporation (NYSE:RAD) latest ratings and price target changes.

05/01/2018 Broker: Evercore Rating: Underperform New Target: $1.5 Initiates Coverage On
04/12/2017 Broker: Deutsche Bank Rating: Hold New Target: $2.25 Initiates Coverage On
25/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $2.0 Maintain
06/10/2017 Broker: Mizuho Rating: Neutral Old Target: $2.95 New Target: $2.25 Maintain
29/09/2017 Broker: Loop Capital Rating: Hold Old Target: $2.5 New Target: $2 Maintain
19/09/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $2.5 Initiates Coverage On
11/09/2017 Broker: Loop Capital Markets Rating: Hold New Target: $2.5 Initiate
20/07/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade

The stock increased 3.14% or $0.07 during the last trading session, reaching $2.3. About 22.66 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since January 18, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $2.42 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 15.54 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: “Rite Aid’s Poison Pill” on January 05, 2018, also Investorplace.com with their article: “Surprise! Rite Aid Corporation Looks Ready For Decent Gain” published on December 28, 2017, Investorplace.com published: “Amazon Just Gave Investors a Reason to Buy Rite Aid Corporation Stock” on December 21, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “What Remains For Rite Aid Corporation? The Risks of Going It Alone” published on January 11, 2018 as well as Seekingalpha.com‘s news article titled: “The Real Opportunity For Rite Aid’s Investors” with publication date: December 22, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.