Rite Aid (RAD) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 2 sell ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" RAD shares.
View RAD analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1 year price objectives for Rite Aid's shares. Their RAD share price forecasts range from $1.00 to $4.50. On average, they predict the company's share price to reach $2.75 in the next year. This suggests a possible upside of 49.5% from the stock's current price.
View analysts price targets for RAD or view top-rated stocks among Wall Street analysts.

Rite Aid's stock was trading at $3.34 on January 1st, 2023. Since then, RAD shares have decreased by 44.9% and is now trading at $1.84.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our RAD earnings forecast.

Rite Aid Co. (NYSE:RAD) released its quarterly earnings data on Thursday, April, 20th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.77) by $0.47. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.70 billion. Rite Aid had a negative trailing twelve-month return on equity of 260.98% and a negative net margin of 3.11%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.63) EPS.

Rite Aid's stock reverse split before market open on Monday, April 22nd 2019. The 1-20 reverse split was announced on Wednesday, April 10th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 19th 2019. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Rite Aid issued an update on its FY24 earnings guidance on Thursday, April, 20th. The company provided earnings per share (EPS) guidance of ($4.93)-($4.44) for the period, compared to the consensus EPS estimate of ($1.84). The company issued revenue guidance of $21.7-22.1 billion, compared to the consensus revenue estimate of $20.88 billion.

169 employees have rated Rite Aid Chief Executive Officer Heyward Donigan on Glassdoor.com. Heyward Donigan has an approval rating of 58% among the company's employees. This puts Heyward Donigan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rite Aid investors own include Century Aluminum (CENX), Bank of America (BAC), Akorn (AKRX), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Mr. Cooper Group (COOP), General Electric (GE), Micron Technology (MU) and CVS Health (CVS).

Rite Aid trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAD."

Rite Aid's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.94%), Charles Schwab Investment Management Inc. (6.26%), Boothbay Fund Management LLC (0.00%), GMT Capital Corp (2.63%), Geode Capital Management LLC (1.83%) and Renaissance Technologies LLC (1.75%). Insiders that own company stock include Heyward R Donigan and Jocelyn Z Konrad.
View institutional ownership trends.

Shares of RAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of RAD stock can currently be purchased for approximately $1.84.

Rite Aid (NYSE:RAD) has a market capitalization of $103.83 million and generates $24.09 billion in revenue each year. The company earns $-749,940,000.00 in net income (profit) each year or ($13.72) on an earnings per share basis.

The company employs 47,000 workers across the globe.

Rite Aid's mailing address is 30 Hunter Lane, Camp Hill PA, 17105. The official website for the company is www.riteaid.com. The company can be reached via phone at (717) 761-2633, via email at investor@riteaid.com, or via fax at 717-975-5871.