It Seems Rite Aid Corporation (RAD) Will Go Up. Have Another Big Increase

September 17, 2017 - By Migdalia James

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.
Brick & Kyle Assocs has invested 0% in Rite Aid Corporation (NYSE:RAD). Cohen stated it has 26,103 shares or 0.06% of all its holdings. Exane Derivatives has 0% invested in Rite Aid Corporation (NYSE:RAD). Commonwealth State Bank Of Aus invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). First Quadrant L P Ca reported 180,700 shares. Glacier Peak Limited Liability Corp owns 191,000 shares for 0.9% of their portfolio. Great West Life Assurance Can stated it has 411,982 shares. Suntrust Banks invested in 500,178 shares. Grimes And Com Inc owns 14,450 shares or 0.01% of their US portfolio. Janney Montgomery Scott Ltd Liability invested in 0.01% or 41,711 shares. Janus Capital Management Ltd Liability Corporation invested in 994,605 shares or 0.01% of the stock. Teacher Retirement System Of Texas has 11,148 shares. Los Angeles Capital Mngmt Equity Rech holds 0.06% or 901,009 shares. Moreover, Bb&T Ltd Liability has 0% invested in Rite Aid Corporation (NYSE:RAD). Geneva Advsr Ltd Com stated it has 0.01% 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.

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. Bank of America reinitiated it with “Underperform” rating and $2 target in Friday, June 30 report. The stock has “Hold” rating by Evercore on Wednesday, January 6. Vetr upgraded the stock to “Buy” rating in Friday, August 14 report. The rating was reinitiated by Evercore on Friday, June 30 with “Underperform”. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Thursday, August 13 by Bank of America. The stock has “Neutral” rating by Guggenheim on Wednesday, April 26. The rating was downgraded by JP Morgan on Friday, November 13 to “Neutral”. As per Thursday, October 29, the company rating was downgraded by Credit Suisse. The company was downgraded on Thursday, October 29 by Goldman Sachs. The company was initiated on Monday, September 11 by Loop Capital Markets.

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 Fool.com with their article: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” published on September 02, 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: Investorplace.com and their article: “Why Rite Aid Corporation (RAD) Stock Has More Room to Run” published on September 12, 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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