Rite Aid Corporation (RAD): Are There Still Some Reasons For Optimism?
- Author: Zachary Reyes Jun 09, 2017,
Jun 09, 2017, 2:42
Its down 0.26, from 1.18 in 2016Q3. Vanguard Group Inc. now owns 84,435,016 shares of the company's stock valued at $358,848,000 after buying an additional 3,420,318 shares in the last quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in RAD. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. Jefferies Grp Ltd Liability Corporation owns 128,267 shares for 0.01% of their portfolio. California Pub Employees Retirement Sys accumulated 2.09 million shares.
Rite Aid Corporation closed its last trading session at $3.75 with the loss of -9.07%.
Some buy side analysts are also providing their Analysis on Rite Aid Corporation, where 0 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 3 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Par Capital Management reported 9.00M shares.
Tig Advisors Llc decreased Fmc Technologies Inc (NYSE:FTI) stake by 960,841 shares to 1.94 million valued at $69.00 million in 2016Q4. Geneva Advsr Limited Com reported 39,173 shares.
Rite Aid Corporation is a retail drugstore chain. Rothschild Inv Il holds 15,500 shares or 0.02% of its portfolio. (NYSE:CMI). Argent Trust Communication reported 1,522 shares.
Metropolitan Life Insurance Ny holds 70,663 shares or 0% of its portfolio. The original version of this article can be accessed at https://baseballnewssource.com/markets/rite-aid-co-rad-rating-increased-to-hold-at-zacks-investment-research-updated-updated/788783.html. Therefore 36% are positive.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Rite Aid Corporation (NYSE:RAD) high price target of $6.75 and with a conservative view have low price target of $4.7. Its last month's stock price volatility remained 5.59% which for the week stands at 4.89%. Finally, Vetr upgraded shares of Rite Aid from a "buy" rating to a "strong-buy" rating and set a $6.58 target price on the stock in a research report on Thursday, March 2nd. Analysts have placed a $6.19 price target on Rite Aid Corporation, suggesting a 81.52% gain from recent close. Guggenheim cut Rite Aid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 25th. The stock has "Buy" rating by Vetr on Wednesday, August 19. Over the short term, some market observers may have noticed that Rite Aid Corporation has a 3.56% short float with 15 days to cover. National Bank Of America Corporation De has 0.02% invested in Cummins Inc. The firm earned "Neutral" rating on Thursday, October 29 by Goldman Sachs. The rating was downgraded by Vetr to "Buy" on Thursday, August 6. It also upped Barclays Bk Plc stake by 292,873 shares and now owns 428,073 shares. Decatur Cap Mgmt reported 0.56% in Rite Aid Corporation (NYSE:RAD). They expect $-0.01 EPS, down 200.00% or $0.02 from last year's $0.01 per share.
Osborn Rohs Williams & Donohoe Ltd increased Abbvie Inc (NYSE:ABBV) stake by 5,706 shares to 130,595 valued at $8.18M in 2016Q4. Wisdomtree Tr High Div Fd (DHS) was raised too.
Investors sentiment decreased to 0.92 in 2016 Q4. Its up 0.10, from 0.92 in 2016Q3. It turned negative, as 52 investors sold PPL shares while 256 reduced holdings. 34 funds opened positions while 62 raised stakes. Millennium Mngmt Limited Liability Co holds 4.43M shares or 0.08% of its portfolio. Girard Limited, Pennsylvania-based fund reported 10,050 shares. National Bank & Trust Of Nova Scotia reported 77,500 shares. 47,697 were accumulated by Mirae Asset Global Investments Co Ltd. Credit Agricole S A has invested 0.05% in Avery Dennison Corp (NYSE:AVY). Tompkins Finance Corp has 500 shares for 0% of their portfolio. Corbyn Incorporated Md has 146,629 shares. It dropped, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. Comparatively, Rite Aid Corporation posted earnings of $0.07 per share in the same quarter past year. Pggm stated it has 0.3% in Praxair, Inc. Webster Savings Bank N A has invested 0.29% of its portfolio in Cummins Inc.
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