Short Term Price Target on Rite Aid Corporation (RAD)

Rite Aid Corporation (NYSE:RAD) : Currently there are 5 street experts covering Rite Aid Corporation (NYSE:RAD) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.2. The estimated standard deviation from the target is $0.45.

Rite Aid Corporation has lost 3.6% in the last five trading days and dropped 3.23% in the last 4 weeks. Rite Aid Corporation has dropped 8.55% during the last 3-month period . Year-to-Date the stock performance stands at -4.46%.

Rite Aid Corporation (NYSE:RAD) : 5 analysts are covering Rite Aid Corporation (NYSE:RAD) and their average rating on the stock is 2.6, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Rite Aid Corporation (NYSE:RAD): The stock opened at $7.66 on Thursday but the bulls could not build on the opening and the stock topped out at $7.67 for the day. The stock traded down to $7.45 during the day, due to lack of any buying support eventually closed down at $7.49 with a loss of -2.09% for the day. The stock had closed at $7.65 on the previous day. The total traded volume was 23,916,407 shares.

In an insider trading activity, The officer (SVP), of Rite Aid Corp, Donley Douglas E had unloaded 34,106 shares at $7.78 per share in a transaction on June 15, 2016. The total value of transaction was $265,345. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise, which are referred to as front-end products. The Companys drugstores primary business is pharmacy services. It operates approximately 4,570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs, over-the-counter medications and personal care, health and beauty aids, and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.