What’s Next for Rite Aid Corporation (RAD) After Today’s Significant Increase?

September 17, 2017 - By wolcottdaily

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.26, from 1.18 in 2016Q3. It dived, 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.
Alpine Prtnrs Vi Ltd Liability Company reported 2.52% of its portfolio in Rite Aid Corporation (NYSE:RAD). 4,840 were accumulated by Capital Guardian. Los Angeles Cap Equity owns 901,009 shares or 0.06% of their US portfolio. Salzhauer Michael stated it has 556,868 shares or 2.26% of all its holdings. Us Retail Bank De reported 254,843 shares. Calvert Invest Mngmt holds 84,544 shares or 0.03% of its portfolio. Citadel Advisors Limited Co stated it has 341,772 shares or 0% of all its holdings. Vantage Investment Llc holds 0% or 1,000 shares. The Minnesota-based Ameriprise Financial has invested 0% in Rite Aid Corporation (NYSE:RAD). Amp Investors Ltd owns 531,170 shares. First Bankshares Of Omaha invested 0.23% of its portfolio in Rite Aid Corporation (NYSE:RAD). Gsa Capital Prtn Llp holds 0.01% or 21,801 shares. Grantham Mayo Van Otterloo & Ltd Liability Company stated it has 0.09% of its portfolio in Rite Aid Corporation (NYSE:RAD). Whittier Tru reported 2,000 shares stake. Westover Advsr Limited Liability invested in 0.13% or 22,153 shares.

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.

Analysts expect Rite Aid Corporation (NYSE:RAD) to report $-0.01 EPS on September, 28 before the open.They anticipate $0.04 EPS change or 133.33 % from last quarter’s $0.03 EPS. After having $-0.05 EPS previously, Rite Aid Corporation’s analysts see -80.00 % EPS growth.

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 firm has “Neutral” rating by Mizuho given on Thursday, July 20. Vetr upgraded it to “Buy” rating and $10.14 target in Friday, August 14 report. Guggenheim downgraded the shares of RAD in report on Wednesday, April 26 to “Neutral” rating. The rating was initiated by Loop Capital Markets with “Hold” on Monday, September 11. The stock has “Neutral” rating by JP Morgan on Friday, November 13. Deutsche Bank downgraded the stock to “Hold” rating in Friday, April 8 report. The rating was upgraded by Vetr to “Buy” on Wednesday, August 19. Bank of America reinitiated the shares of RAD in report on Friday, June 30 with “Underperform” rating. The firm has “Buy” rating given on Thursday, September 17 by Mizuho. The firm has “Buy” rating given on Thursday, August 13 by Bank of America.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: “Why Rite Aid Corporation (RAD) Stock Is Bound to Make a Comeback” on September 13, 2017, also Investorplace.com with their article: “Rite Aid Corporation (RAD) Stock Can’t Beat This Retail Alternative” published on September 08, 2017, Businesswire.com published: “Rite Aid Corporation Announces Leadership Changes” on September 06, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” published on September 02, 2017 as well as Investorplace.com‘s news article titled: “Could the “New” Rite Aid Corporation (RAD) Go Broke?” with publication date: August 18, 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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