Analyst Rating Update on Rite Aid Corporation (RAD)

Rite Aid Corporation (RAD) : Zacks Investment Research ranks Rite Aid Corporation (RAD) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.6, which indicates as a Hold.

Rite Aid Corporation (RAD) : The most positive equity analysts on Rite Aid Corporation (RAD) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $9.2 with an expected fluctuation of $0.45 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Rite Aid Corporation (NYSE:RAD): The stock opened at $6.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.03 for the day. The stock traded down to $6.93 during the day, due to lack of any buying support eventually closed down at $6.98 with a loss of -0.43% for the day. The stock had closed at $7.01 on the previous day. The total traded volume was 7,383,162 shares.

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.

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