Rite Aid Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Rite Aid stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RAD, but not buy additional shares or sell existing shares.
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Rite Aid is scheduled to release its next quarterly earnings announcement on Thursday, April 15th 2021.
View our earnings forecast for Rite Aid.

Rite Aid Co. (NYSE:RAD) issued its quarterly earnings data on Wednesday, December, 16th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.45. The firm had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $5.84 billion. Rite Aid had a negative net margin of 1.66% and a positive trailing twelve-month return on equity of 2.12%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share.
View Rite Aid's earnings history.

Rite Aid's stock was trading at $14.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RAD stock has increased by 34.8% and is now trading at $19.05.
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Rite Aid shares 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 closing bell 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 2021 After-Hours earnings guidance on Wednesday, March, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.975-24 billion, compared to the consensus revenue estimate of $24.07 billion.

3 Wall Street analysts have issued 1-year price targets for Rite Aid's stock. Their forecasts range from $6.00 to $27.00. On average, they anticipate Rite Aid's stock price to reach $16.67 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
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169 employees have rated Rite Aid CEO Heyward Donigan on Glassdoor.com. Heyward Donigan has an approval rating of 58% among Rite Aid's employees. This puts Heyward Donigan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Rite Aid include Covetrus (CVET), 111 (YI), PetMed Express (PETS), Progressive Care (RXMD), China Jo-Jo Drugstores (CJJD), HealthWarehouse.com (HEWA), Dragon Jade International (DGJI), Dougherty's Pharmacy (MYDP), China Dasheng Biotechnology (CDBT) and Health Sciences Group (HESG).
View all of RAD's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rite Aid investors own include Century Aluminum (CENX), (CELG), 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."

Shares of RAD 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.
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One share of RAD stock can currently be purchased for approximately $19.05.

Rite Aid has a market capitalization of $1.05 billion and generates $21.93 billion in revenue each year. The company earns $-452,170,000.00 in net income (profit) each year or $0.15 on an earnings per share basis.

Rite Aid employs 29,840 workers across the globe.

The official website for Rite Aid is www.riteaid.com.

Rite Aid is headquartered at 30 Hunter Lane, Camp Hill PA, 17105.

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]