Is Rite Aid Corporation (RAD) a Buy? The Stock Rises Again

September 17, 2017 - By reb123z

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.26, from 1.18 in 2016Q3. It fall, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported.
Northwestern Mutual Wealth Mngmt accumulated 4,144 shares. Boston Partners holds 423,400 shares or 0% of its portfolio. Rothschild Inv Corp Il reported 0.02% stake. Polar Asset Inc has 0.11% invested in Rite Aid Corporation (NYSE:RAD) for 500,000 shares. Asset Mgmt One Limited holds 1.81M shares or 0.04% of its portfolio. Windward Capital Mngmt Co Ca reported 0.02% stake. Commonwealth Retail Bank Of holds 0% in Rite Aid Corporation (NYSE:RAD) or 7,441 shares. Andra Ap reported 0.04% in Rite Aid Corporation (NYSE:RAD). Citigroup stated it has 239,958 shares. Creative Planning holds 128,321 shares or 0.01% of its portfolio. Barclays Public Limited holds 1.48 million shares. Moreover, Nordea Mgmt Ab has 0% invested in Rite Aid Corporation (NYSE:RAD) for 23,355 shares. 39,173 are held by Geneva Advsr Ltd Liability Co. Price T Rowe Assocs Md has 0% invested in Rite Aid Corporation (NYSE:RAD). Alpine Management invested in 9.76 million shares or 2.1% of the stock.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock increased 5.20% or $0.13 on September 15, reaching $2.63. About 59.84M shares traded or 233.93% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 17, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.
The move comes after 5 months positive chart setup for the $2.77B company. It was reported on Sep, 17 by Barchart.com. We have $2.84 PT which if reached, will make NYSE:RAD worth $221.60 million more.

Investors wait Rite Aid Corporation (NYSE:RAD) to report on September, 28 before the open. its quarterly earnings Wall Street analysts expect $-0.01 EPS, down $0.04 or 133.33 % from last year’s $0.03 same quarter earnings. Rite Aid Corporation’s Wall Street analysts see -80.00 % EPS growth, taking into account the $-0.05 EPS reproted in the previous quarter,

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 12 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Rite Aid had 18 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Friday, August 14 by Vetr. Bank of America reinitiated the shares of RAD in report on Friday, June 30 with “Underperform” rating. The rating was initiated by Loop Capital Markets with “Hold” on Monday, September 11. The rating was downgraded by Deutsche Bank on Friday, April 8 to “Hold”. Guggenheim downgraded the shares of RAD in report on Wednesday, April 26 to “Neutral” rating. Mizuho downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, July 20 to “Neutral” rating. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by JP Morgan on Friday, November 13. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, October 29. On Friday, June 30 the stock rating was reinitiated by Evercore with “Underperform”. The stock of Rite Aid Corporation (NYSE:RAD) has “Neutral” rating given on Thursday, October 29 by Credit Suisse.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: “Rite Aid Corporation (RAD) Stock Can’t Beat This Retail Alternative” on September 08, 2017, also Fool.com with their article: “Why Rite Aid Corporation Could Be a Gold Mine for Value Investors” published on September 17, 2017, Investorplace.com published: “Why Rite Aid Corporation (RAD) Stock Is Bound to Make a Comeback” on September 13, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “Get Ready for the Rally in Rite Aid Corporation (RAD) Stock” published on August 29, 2017 as well as Fool.com‘s news article titled: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” with publication date: September 02, 2017.

Rite Aid Corporation is a retail drugstore chain. The company has market cap of $2.77 billion. The Company’s divisions include Retail Pharmacy and Pharmacy Services. It currently has negative earnings. The Firm operates under The Rite Aid name.

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