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Rite Aid (NYSE:RAD) Raised to "Hold" at Zacks Investment Research
06 December 2017, 04:55 | Cesar Cruz
The New York-based National Bank & Trust Of New York Mellon Corporation has invested 0% in Rite Aid Corporation (NYSE:RAD). "(NYSE:RAD) Short Interest Update" was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Kbc Grp Nv holds 0.01% or 17,210 shares. The company was downgraded on Wednesday, April 26 by Guggenheim. Rite Aid Corp now has $1.98 billion valuation. For RAD, the company now has $238.98 Million of cash on the books, which is offset by $22.49 Million current liabilities. Huntington Retail Bank invested in 0% or 3,209 shares. About 5.38M shares traded or 3.37% up from the average.
Ftb Advisors Inc decreased Philip Morris International (NYSE:PM) stake by 3,062 shares to 15,744 valued at $1.84 million in 2017Q2. Schwab Charles Inv Mngmt reported 0.01% in Rite Aid Corporation (NYSE:RAD). It is positive, as 32 investors sold NNN shares while 78 reduced holdings. The stock of Chevron Corporation (NYSE:CVX) has "Outperform" rating given on Monday, December 21 by Macquarie Research. On Tuesday, July 18 the stock rating was maintained by BTIG Research with "Buy". Comerica Bank lifted its stake in Rite Aid by 9.2% in the second quarter. At recent session, the prices were hovering between $1.86 and $2.02. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since December 5, 2016 and is downtrending. The firm has "Hold" rating given on Wednesday, October 25 by RBC Capital Markets.
Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on December, 28. The company was maintained on Wednesday, October 25 by RBC Capital Markets. It has underperformed by 71.88% the S&P500. Analysts have a mean recommendation of 2.90 on this stock. The company suffered a huge setback in June, when its merger with Walgreens was terminated. According to their observations and findings, the stock could provide a high EPS of $-0.01/share and a low EPS of $-0.02/share. Scotia Capital Inc reported 0% stake.
Investors sentiment decreased to 1.02 in 2017 Q2. The Ftb Advisors Inc holds 20,801 shares with $2.21M value, up from 17,704 last quarter. Mizuho dropped their target price on Rite Aid Corporation from $2.95 to $2.25 and set a "neutral" rating on the stock in a research report on Friday, October 6th. Analysts are forecasting earnings of $-0.02 on a per share basis this quarter. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: "Why Rite Aid Corporation Stock Is Riskier Than Ever With the Amazon Threat" published on November 05, 2017 as well as Fool.com's news article titled: "Where Will Rite Aid Corporation Be in 5 Years?" with publication date: November 19, 2017. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Moreover, Gemmer Asset Mngmt Lc has 0.04% invested in Rite Aid Corporation (NYSE:RAD) for 30,000 shares. It worsened, as 85 investors sold RAD shares while 96 reduced holdings. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported. Wolverine Asset Mgmt Limited Company invested in 0% or 59,771 shares. It turned negative, as 34 investors sold MGIC Investment Corporation shares while 85 reduced holdings. (NYSE:EOG). Gateway Invest Advisers Limited Liability has 0.03% invested in EOG Resources, Inc. Wealthtrust has 600 shares for 0% of their portfolio. 92 funds opened positions while 651 raised stakes. Tru Co Of Vermont stated it has 9,000 shares. Pitcairn Company holds 0% or 10,534 shares in its portfolio. 50 funds opened positions while 91 raised stakes. Dc Cap Advsr Ltd holds 0.41% in Rite Aid Corporation (NYSE:RAD) or 200,000 shares. Tnb Financial has invested 0.29% in Chevron Corporation (NYSE:CVX). Destination Wealth holds 0.01% or 67,000 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested 0.63% in Chevron Corporation (NYSE:CVX). Css Limited Co Il has 0.23% invested in Rite Aid Corporation (NYSE:RAD). Dupont Mngmt accumulated 290,785 shares. The company operates in two business segments: the retail drug segment and the pharmacy benefit management segment. The Company operates under The Rite Aid name. It has a 21.01 P/E ratio.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.86 and long-term debt to equity ratio also remained 0.73. Moreover, Tdam Usa has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 45,254 shares. Its up 0.06, from 0.97 in 2017Q1. Mark Sheptoff Financial Planning Ltd Liability Company reported 314,155 shares. Parkwood Ltd Llc invested in 0.01% or 22,931 shares. 100 were reported by Pathstone Family Office Ltd Company.
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