Economy

Rite Aid Corporation (NYSE:RAD) Reviewed By Analysts

Digging a bit further, company shares have been noted -60.68% off the 52 week high and 12.27% away from the 52 week low. The institutional investor held 410,594 shares of the marine transportation company at the end of 2016Q4, valued at $3.82M, down from 855,072 at the end of the previous reported quarter.

RAD has been the topic of several recent research reports. The stock decreased 2.93% or $0.07 during the last trading session, reaching $2.32. Credit Agricole S A holds 1.07M shares. Delaware Investments Colorado Municipal Income Fund, Inc (VCF) has declined 5.81% since July 27, 2016 and is downtrending. It has underperformed by 1.21% the S&P500. Korea Corporation reported 967,900 shares or 0.04% of all its holdings. Coronation Fund Managers Ltd. now owns 4,447,133 shares of the company's stock worth $18,900,000 after buying an additional 1,967,750 shares in the last quarter. The company's 50 day moving average is $2.82 and its 200 day moving average is $4.48. About 1,016 shares traded.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Rite Aid Corp (NYSE:RAD) high price target of $4.7 and with a conservative view have low price target of $2. It has underperformed by 71.88% the S&P500. The stock of Rite Aid Corporation (NYSE:RAD) has "Hold" rating given on Friday, April 8 by Deutsche Bank. About shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since July 28, 2016 and is downtrending. Stock Plunged Today" published on June 29, 2017 as well as Seekingalpha.com's news article titled: "Rite Aid Investors Should Avoid Catching A Falling Knife" with publication date: "July 04, 2017.

Investors sentiment decreased to 0.92 in Q4 2016.

Beta is also an important valuation ratio for analyzing the stock of the company, RAD has Beta of 1.81 while its industry and Sector's beta remains at 0.65 and 0.66 respectively. Citigroup invested in 239,958 shares or 0% of the stock. 39 funds opened positions while 128 raised stakes. Share performance for the month is now at 0.17%. Macquarie Gp holds 0% or 22,300 shares in its portfolio. Oakbrook Ltd Company reported 11,300 shares. The Maryland-based Calvert Inv Management has invested 0.03% in Rite Aid Corporation (NYSE:RAD). Sandy Spring National Bank & Trust reported 32,700 shares. Private Advisor Grp Lc accumulated 51,126 shares. On average, equities research analysts forecast that Rite Aid Corporation will post ($0.09) EPS for the current fiscal year. RAD's SI was 36.46 million shares in July as released by FINRA. Janus Mngmt Ltd Limited Liability Company has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 994,605 shares. Hartford Fincl Mgmt Inc holds 250 shares. Caisse De Depot Et Placement Du Quebec holds 1.51 million shares. Moors Cabot Inc has invested 0.02% of its portfolio in Rite Aid Corporation (NYSE:RAD). East Coast Asset Mgmt Limited Company holds 0.09% or 3,998 shares in its portfolio. Gabelli Funds LLC increased its stake in shares of Rite Aid Corporation by 7.5% in the first quarter. Coronation Fund Managers Ltd. increased its stake in Rite Aid Corporation by 79.4% in the first quarter. Therefore 18% are positive. On Friday, June 30 the stock rating was reinitiated by Evercore with "Underperform". The stock has "Underperform" rating by Bank of America on Friday, June 30. The company was downgraded on Thursday, August 6 by Vetr.

11/13/2015 - Rite Aid Corporation was downgraded to " by analysts at JP Morgan. Three research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock of Black Hills Corp (NYSE:BKH) has "Buy" rating given on Wednesday, December 14 by Singular Research.

Rite Aid Corporation (NYSE:RAD) last issued its earnings results on Thursday, June 29th. The rating was upgraded by Vetr to "Buy" on Friday, August 14. The current consensus recommendation provided by covering analysts is 2.70. Therefore 67% are positive. Black Hills Corp had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Furthermore on 3/15/16 Credit Suisse "Assumes" the stock to Outperform at $9. As per Friday, August 26, the company rating was maintained by Needham. The firm has "Neutral" rating by Goldman Sachs given on Thursday, October 29. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,701,303 shares of the company's stock worth $11,481,000 after buying an additional 1,030,715 shares in the last quarter. The firm earned "Outperform" rating on Wednesday, November 23 by BMO Capital Markets. The rating was initiated by Bank of America on Tuesday, December 8 with "Buy". As per Thursday, September 17, the company rating was maintained by Mizuho.

Ghost Tree Capital Llc, which manages about $415.50M US Long portfolio, upped its stake in Acadia Pharmaceuticals Inc (Call) (NASDAQ:ACAD) by 150,000 shares to 350,000 shares, valued at $10.09M in 2016Q4, according to the filing. The total value of its holdings decreased 15.3%.

Analysts await Medtronic plc. They now have a Dollars 5.25 price target on the stock.



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