Economy

Rite Aid Corporation (RAD) PT Lowered to $2.25 at Mizuho

Rite Aid had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Vetr downgraded it to "Buy" rating and $9.51 target in Thursday, August 6 report. The firm earned "Neutral" rating on Wednesday, April 26 by Guggenheim. Cowen and Company restated an outperform rating and issued a $4.70 price objective on shares of Rite Aid Corporation in a research note on Monday, July 3rd.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. They issued an "underperform" rating and a $2.50 target price for the company. Bank of America Corporation reiterated an "underperform" rating and issued a $2.00 price objective on shares of Rite Aid Corporation in a report on Friday, June 30th. Rite Aid Corp (NYSE:RAD) has trailing twelve month Return on Assets of 0%, which is key indicator of how profitable a company is relative to its total assets. Moreover, Deutsche National Bank & Trust Ag has 0.02% invested in Rite Aid Corporation (NYSE:RAD) for 9.87 million shares. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 23.33 and a beta of 1.79. The company has a 50 day moving average price of $2.32 and a 200-day moving average price of $3.13.

This stock (YUMA) is ahead of its 52-week low with 22.08%.

Rite Aid Corporation (NYSE:RAD) last announced its quarterly earnings data on Thursday, September 28th. Texas-based Hbk Investments LP has invested 0.03% in Rite Aid Corporation (NYSE:RAD). The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.83 billion. The company's revenue was down 4.4% compared to the same quarter a year ago. $5.19's average target is 164.80% above currents $1.96 stock price. California State Teachers Retirement System stated it has 0.02% in Rite Aid Corporation (NYSE:RAD). If you are reading this report on another website, it was stolen and republished in violation of USA & global trademark & copyright law. The legal version of this report can be accessed at https://stocknewstimes.com/2017/10/09/rite-aid-corporation-rad-pt-lowered-to-2-25-at-mizuho.html. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.29% of the company's stock.

Several institutional investors have recently made changes to their positions in RAD. World Asset Management Inc boosted its stake in Rite Aid Corporation by 27.1% in the first quarter. BlackRock Inc. now owns 50,473,198 shares of the company's stock valued at $214,510,000 after acquiring an additional 49,482,563 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Rite Aid Corporation by 9.6% in the 1st quarter. During last 3 month period, 0.51% of total institutional ownership has changed in the company shares. TD Asset Management Inc. increased its position in shares of Rite Aid Corporation by 4.4% during the first quarter. UBS Asset Management Americas Inc. now owns 2,679,205 shares of the company's stock worth $11,387,000 after purchasing an additional 269,545 shares during the period. TD Asset Management Inc. boosted its stake in Rite Aid Corporation by 4.4% in the first quarter. Morgan Stanley now owns 8,801,138 shares of the company's stock valued at $37,405,000 after acquiring an additional 1,143,809 shares during the last quarter. Finally, Great West Life Assurance Co. Vanguard Group Inc. lifted its stake in Rite Aid Corporation by 0.4% in the second quarter. It turned negative, as 44 investors sold ResMed Inc. shares while 109 reduced holdings.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: "Rite Aid - Still Needs A Lot Of Aid" on October 01, 2017, also Investorplace.com with their article: "Rite Aid Corporation (RAD) Stock Can't Beat This Retail Alternative" published on September 08, 2017, Fool.com published: "Why Rite Aid Corporation Could Be a Gold Mine for Value Investors" on September 17, 2017. The Company's divisions include Retail Pharmacy and Pharmacy Services. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since October 7, 2016 and is downtrending. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company's Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.



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