The Bear Case for Rite Aid Corporation (RAD)

Its book value per share for the most recent quarter is $0.7 while its price to book ratio for the same period is 2.56, as for as the company's cash per share for the most recent quarter is $0.21, however its price to cash per share ratio for the same period is 8.56. Ftb has 288,157 shares. Archford Cap Strategies Limited Liability Corporation accumulated 1,712 shares. Clearbridge Invs Lc accumulated 18,800 shares. Huntington Bancorp, Ohio-based fund reported 1.80M shares. Great West Life Assurance Can owns 199,015 shares. The Pennsylvania-based Federated Invsts Pa has invested 0.01% in MGIC Investment Corporation (NYSE:MTG). Huntington Commercial Bank has invested 0% in Dick's Sporting Goods, Inc. (NASDAQ:CSCO) for 46,802 shares.

Avnet, Inc. (NYSE:AVT) reduced of -1.13% and First Industrial Realty Trust, Inc. (NASDAQ:CSCO) for 71,140 shares. Gulf Interest Savings Bank (Uk) Limited has 0.15% invested in PG&E Corporation (NYSE:PCG) for 158,428 shares. Therefore 14% are positive. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $2.00 price target on shares of Rite Aid in a research note on Monday, October 2nd. Vetr downgraded Rite Aid Corporation (NYSE:RAD) rating on Thursday, August 6.

Rite Aid Corp (NYSE:RAD) 52-week high price stands at $8.77 and low price stands at $1.38, its price distance from 52-week high is -79.59% while its distance from 52-week low price is 29.71%. As per Thursday, August 13, the company rating was initiated by Bank of America. Loop Capital Markets initiated the stock with "Hold" rating in Monday, September 11 report.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: "Why Now Is NOT the Time to Sell Rite Aid Corporation Stock" on December 01, 2017, also Businesswire.com with their article: "Rite Aid Teams Up with Dr. Jennifer Caudle to Remind People to Get Vaccinated ..." published on December 05, 2017, Seekingalpha.com published: "Rite Aid: Prefer The Bonds Over The Stock" on November 15, 2017. Bank of America has "Underperform" rating and $2 target. Rite Aid presently has an average rating of "Hold" and a consensus target price of $3.25. The firm has "Buy" rating by Zacks given on Wednesday, August 26. As per Thursday, July 20, the company rating was downgraded by Mizuho. The rating was upgraded by Vetr on Friday, August 14 to "Buy". The stock of Rite Aid Corporation (NYSE:RAD) has "Neutral" rating given on Friday, October 6 by Mizuho. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: "Is Rite Aid Corporation Stock Now Too Cheap to Pass Up?" published on November 08, 2017 as well as Benzinga.com's news article titled: "With Rite Aid Uncertainty Behind It, Could Walgreens Go Shopping?" with publication date: December 04, 2017.

Pentwater Capital Management Lp, which manages about $5.28B and $11.37B US Long portfolio, upped its stake in Synchrony Finl (NYSE:SYF) by 1.67M shares to 2.18 million shares, valued at $64.92M in 2017Q2, according to the filing. It also increased its holding in Digitalglobe Inc (NYSE:DGI) by 440,000 shares in the quarter, for a total of 800,000 shares, and has risen its stake in Caesars Acquisition Co (NASDAQ:CACQ).

During last three month period, the net percent changes held by Institutional Investors has observed a changes of 0.80%. Its up 0.02, from 1.22 in 2017Q1.


Several hedge funds have recently made changes to their positions in RAD. Macquarie Group Ltd. now owns 22,300 shares of the company's stock worth $184,000 after buying an additional 12,400 shares during the period. Raymond James Fincl Services Advisors holds 90,322 shares or 0% of its portfolio. Planning has 0.03% invested in Rite Aid Corporation (NYSE:RAD). Park Circle reported 0.99% stake.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on December, 28. (NYSE:RAD) remained flat at $$1.79 during midday trading on Thursday. Pub Employees Retirement Association Of Colorado stated it has 207,491 shares. Aberdeen Asset Management Public Ltd Uk has invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). The institutional or Insiders investors are two key groups to pay attention in this context. JP Morgan downgraded Rite Aid Corporation (NYSE:RAD) on Friday, November 13 to "Neutral" rating. Mufg Americas has 0% invested in Rite Aid Corporation (NYSE:RAD).

Rite Aid Corporation is a retail drugstore chain. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. sell-side analysts forecast that Rite Aid Co. will post -0.1 EPS for the current year.

Previously Rite Aid Corp (NYSE:RAD) reported $-0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.01 by $0.

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