Rite Aid Corporation (NYSE:RAD) registered a -0.38% decrease, still its new closing price is -0.19% up from the company’s 1 year high of 8.77.It posted -22.57% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 7 stock analysts following this company have an average price target at $7.75, with individual PT in the $6.50-$9.00 range. The shares moved at $5.25, implying that brokerage firms see shares losing about -33.12% in twelve months time.
Rite Aid Corporation (RAD) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -36.29% fall year to date. A SVP at Rite Aid Corporation (RAD) offloaded shares in a transaction closed on Wednesday June 15, 2016. Donley Douglas E sold 34,106 shares in the company at $7.77 each and collected $265,000 in proceeds. Donley Douglas E now owns 48,779 shares in the company after this transaction. A EVP in the company, Montini Tony, disclosed a transaction on Thursday July 09, 2015 that ended up generating $2,959,001 from the sale of 353,194 shares at $8.38 per share.
Rite Aid Corporation (NYSE:RAD) Upcoming Results on Tap
Rite Aid Corporation will next provide financial results for the May 2017 quarter. Stock analysts expect it to report per-share earnings of $0.00 in that period. Sales during the quarter are predicted to arrive at $8.18 billion.
Earnings surprise history: Last quarter, the company posted approximately $8.09 billion in revenue and EPS of $0.01. The mean forecast was for $8.23 billion and $0.04 a share, respectively. One quarter earlier, revenue for the stock was at $8.03 billion, with earnings at $0.01/share.
Rite Aid Corporation (RAD) Brokerage Update
Rite Aid Corporation (RAD) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Friday April 08, 2016.Another important research note was issued by JP Morgan on Friday November 13, 2015.The firm downgraded RAD to Neutral from Overweight. Over the last six months and over the last three months, the shares of Rite Aid Corporation (RAD), have changed -24.79% and -19.35%, respectively.