NYSE:RAD - Rite Aid Stock Price, Forecast & News

Rite Aid's stock was trading at $14.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RAD shares have increased by 6.2% and is now trading at $15.00. View which stocks have been mosted impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Rite Aid.

Rite Aid is scheduled to release its next quarterly earnings announcement on Thursday, April 9th 2020. View our earnings forecast for Rite Aid.

Rite Aid Co. (NYSE:RAD) released its quarterly earnings data on Thursday, December, 19th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.45. The firm had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.42 billion. Rite Aid had a positive return on equity of 1.40% and a negative net margin of 1.86%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. View Rite Aid's earnings history.

Shares of Rite Aid reverse split 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 market closes on Friday, April 19th 2019. An investor that had 100 shares of Rite Aid stock prior to the reverse split would have 5 shares after the split.

Rite Aid updated its FY 2020 Pre-Market earnings guidance on Monday, March, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $21.9-21.925 billion, compared to the consensus revenue estimate of $21.66 billion.

3 Wall Street analysts have issued 12-month price targets for Rite Aid's stock. Their forecasts range from $12.00 to $12.00. On average, they anticipate Rite Aid's stock price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 20.0%. View analysts' price targets for Rite Aid.

News articles about RAD stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Rite Aid earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View the latest news aboutRite Aid.

Rite Aid saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 15,819,100 shares, a decrease of 9.1% from the February 27th total of 17,400,000 shares. Based on an average daily trading volume, of 8,030,000 shares, the short-interest ratio is currently 2.0 days. Approximately 29.7% of the company's stock are short sold. View Rite Aid's Current Options Chain.

Some companies that are related to Rite Aid include Covetrus (CVET), Petmed Express (PETS), 111 (YI), Diplomat Pharmacy (DPLO), China Jo-Jo Drugstores (CJJD), HealthWarehouse.com (HEWA) and Dougherty's Pharmacy (MYDP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Rite Aid investors own include Century Aluminum (CENX), Celgene (celg), Akorn (AKRX), Bank of America (BAC), Mr. Cooper Group (COOP), Cleveland-Cliffs (CLF), Advanced Micro Devices (AMD), General Electric (GE), Lantronix (LTRX) and AK Steel (AKS).

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

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

One share of RAD stock can currently be purchased for approximately $15.00.

Rite Aid has a market capitalization of $822.29 million and generates $21.64 billion in revenue each year. Rite Aid employs 51,000 workers across the globe. View additional information about Rite Aid.

The official website for Rite Aid is http://www.riteaid.com/.

Rite Aid's mailing address is 30 Hunter Lane, Camp Hill PA, 17105. The company can be reached via phone at 717-761-2633 or via email at [email protected]