Hard Facts About Rite Aid Corporation (NYSE:RAD)

Hard Facts About Rite Aid Corporation (NYSE:RAD)

Andrew Cummings
February 24, 2018

Forte Capital Llc who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $61.33 billion market cap company. The stock increased 1.93% or $6.6794 during the last trading session, reaching $352.8494.

Archer-Daniels-Midland Company (ADM) closed the Wednesday at final price of $42.12 after traded 3960602 shares. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since February 23, 2017 and is uptrending. It has underperformed by 7.20% the S&P500. It also reduced its holding in Johnson Ctls Intl Plc by 10,188 shares in the quarter, leaving it with 11,298 shares, and cut its stake in Celgene Corp (Put) (NASDAQ:CELG). Greenlight Capital Inc sold 1.50 million shares as the company's stock declined 41.75% while stock markets rallied. The institutional investor held 264,800 shares of the medical and nursing services company at the end of 2017Q3, valued at $520,000, down from 869,600 at the end of the previous reported quarter. Rite Aid has a fifty-two week low of $1.38 and a fifty-two week high of $6.04. The stock increased 0.98% or $0.68 during the last trading session, reaching $70.07. It has underperformed by 71.88% the S&P500. Harbor Advisors LLC now owns 80,000 shares of the company's stock valued at $157,000 after acquiring an additional 60,000 shares in the last quarter.

Since October 3, 2017, it had 0 buys, and 1 insider sale for $58,915 activity.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 37% are positive. Evercore ISI initiated coverage on shares of Rite Aid in a report on Thursday, January 4th. On Thursday, August 13 the stock rating was initiated by Bank of America with "Buy". They issued a "hold" rating and a $2.25 price target on the stock. The rating was downgraded by Credit Suisse on Thursday, October 29 to "Neutral". As per Friday, August 14, the company rating was upgraded by Vetr.

Wall Street analysts are predicting that Rite Aid Corp (NYSE:RAD) will report earnings per share of $-0.01 in their quarterly report.

According to 8 stock analysts, Rite Aid Corporation, is being kept at an average Hold, rating, with at least 13.76% of shares outstanding that are now legally short sold. The firm has "Neutral" rating by JP Morgan given on Friday, November 13. The firm has "Neutral" rating by Mizuho given on Friday, October 6.

Consequently Rite Aid Corp (NYSE:RAD)'s weekly and monthly volatility is 5.55%, 4.77% respectively.

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.03, from 1.27 in 2017Q2. 43 funds opened positions while 87 raised stakes. Natl Planning reported 74,525 shares. Whittier Trust Company, a California-based fund reported 12,000 shares. Orrstown Fincl reported 7,105 shares. The stock has a beta value of 1.18. Jfs Wealth Advisors Limited invested in 0.03% or 65,180 shares. The New York-based Sg Americas Securities Ltd Liability Company has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Advisors Asset Management Inc. owns 347,402 shares or 0.13% of their United States portfolio. Union Bancorp holds 0.11% or 8,771 shares in its portfolio. 168,900 were reported by Connor Clark & Lunn Inv Management Ltd. Atlas Browninc reported 0.04% stake. Ibm Retirement Fund invested in 25,941 shares.

Investors sentiment increased to 1.3 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. It is negative, as 40 investors sold CF shares while 147 reduced holdings. 91 funds opened positions while 283 raised stakes. Whitnell And Co reported 100 shares or 0.01% of all its holdings. National Planning reported 0.03% stake. Timber Hill Llc reported 0.03% stake. Par Capital Mngmt has 0.2% invested in Rite Aid Corporation (NYSE:RAD). About 15.91M shares traded. The shares of the corporation went down by -8.19% during the previous month. Moreover, Alphaone Investment Svcs Ltd Com has 0.01% invested in Rite Aid Corporation (NYSE:RAD). Branderiz Eric had sold 801 shares worth $284,019 on Wednesday, January 24. Clearbridge Invs Limited Company invested 0% of its portfolio in ConocoPhillips (NYSE:COP). Fny Managed Accounts Lc has invested 0.56% in Rite Aid Corporation (NYSE:RAD). Daiwa Inc accumulated 34,617 shares. Ray Gerald L Assoc Ltd holds 0.03% or 5,500 shares in its portfolio. The company operates in the Consumer Defensive sector with a market capitalization of 2.22 Million. SELL rating has been given by 0 analyst (s) and 10 analyst (s) given BUY rating to the stock. Therefore 75% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, September 19 by Cowen & Co. Though the company's break-even bottom line results surpassed estimates in third-quarter fiscal 2018, its dismal top-line trends due to unfavorable reimbursement rates and soft same store sales remains an impediment.

The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc.) made by the brokerage firms for the given stock. On Wednesday, October 25 the stock rating was maintained by RBC Capital Markets with "Hold". Jefferies maintained the shares of PPL in report on Tuesday, September 5 with "Buy" rating. SunTrust maintained the shares of PPL in report on Tuesday, December 26 with "Buy" rating. As per Tuesday, November 22, the company rating was downgraded by Bank of America.

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