Rite Aid Corporation (RAD) Can’t Be More Safe. Trades Significantly Higher

September 17, 2017 - By Migdalia James

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.26, from 1.18 in 2016Q3. It dropped, 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.
Robeco Institutional Asset Mgmt Bv reported 0% stake. State Street stated it has 0.01% in Rite Aid Corporation (NYSE:RAD). Gru One Trading Lp owns 0.17% invested in Rite Aid Corporation (NYSE:RAD) for 2.11M shares. Benjamin F Edwards & holds 1,000 shares. Argent Capital Ltd has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 43,255 shares. Panagora Asset Management Incorporated holds 0.01% or 346,380 shares. Livforsakringsbolaget Skandia Omsesidigt invested 0.03% in Rite Aid Corporation (NYSE:RAD). The Maryland-based Burt Wealth Advsrs has invested 0.02% in Rite Aid Corporation (NYSE:RAD). Wolverine Asset Management owns 138,195 shares or 0.01% of their US portfolio. Metropolitan Life Insurance Comm New York holds 70,663 shares. Brigade Mgmt Limited Partnership holds 1.25 million shares or 0.43% of its portfolio. Lombard Odier Asset Management (Europe) Ltd has invested 0.05% in Rite Aid Corporation (NYSE:RAD). Nadler Gru holds 0.03% or 10,000 shares in its portfolio. Of Vermont owns 5,000 shares. Millennium Limited Liability stated it has 0.08% of its portfolio in Rite Aid Corporation (NYSE:RAD).

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.

Wall Street await Rite Aid Corporation (NYSE:RAD) to release earnings on September, 28 before the open. Analysts forecast EPS of $-0.01, down exactly $0.04 or 133.33 % from 2014’s $0.03 EPS. After posting $-0.05 EPS for the previous quarter, Rite Aid Corporation’s analysts now forecast -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 “Hold” rating given on Monday, September 11 by Loop Capital Markets. The firm has “Buy” rating given on Friday, August 14 by Vetr. Vetr downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, August 6 to “Buy” rating. The rating was downgraded by Credit Suisse on Thursday, October 29 to “Neutral”. As per Thursday, October 29, the company rating was downgraded by Goldman Sachs. As per Thursday, August 13, the company rating was initiated by Bank of America. The stock of Rite Aid Corporation (NYSE:RAD) has “Underperform” rating given on Friday, June 30 by Evercore. The rating was reinitiated by Bank of America on Friday, June 30 with “Underperform”. The company was downgraded on Wednesday, April 26 by Guggenheim. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Friday, April 8 by Deutsche Bank.

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 Businesswire.com with their article: “Rite Aid Corporation Announces Leadership Changes” published on September 06, 2017, Seekingalpha.com published: “Is It The Right Time For Rite Aid?” on September 01, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “Can Rite Aid Corporation (RAD) Stock Survive on its Own?” published on August 31, 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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