NYSE:RADRite Aid Stock Price, Forecast & News

Rite Aid's stock was trading at $14.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RAD shares have decreased by 2.4% and is now trading at $13.79. View which stocks have been most impacted by Coronavirus.

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

Rite Aid is scheduled to release its next quarterly earnings announcement on Wednesday, June 24th 2020. View our earnings forecast for Rite Aid.

Rite Aid Co. (NYSE:RAD) posted its earnings results on Thursday, April, 16th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.22. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.61 billion. Rite Aid had a negative net margin of 2.06% and a positive return on equity of 0.87%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. 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 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 issued an update on its FY21 earnings guidance on Thursday, April, 16th. The company provided EPS guidance of ($0.22) - $0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.19. The company issued revenue guidance of $22.5-22.9 billion, compared to the consensus revenue estimate of $22.53 billion.

3 brokers have issued 12-month price objectives for Rite Aid's stock. Their forecasts range from $12.00 to $12.00. On average, they expect Rite Aid's stock price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Rite Aid.

News stories about RAD stock have trended somewhat positive on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Rite Aid earned a coverage optimism score of 1.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutRite Aid.

Rite Aid saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,940,000 shares, an increase of 5.1% from the April 15th total of 13,260,000 shares. Based on an average daily trading volume, of 5,790,000 shares, the short-interest ratio is currently 2.4 days. Currently, 26.2% of the company's stock are sold short. View Rite Aid's Current Options Chain.

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

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 Micron Technology (MU).

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

Rite Aid's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.97%), Invesco Ltd. (5.20%), State Street Corp (3.34%), Parametric Portfolio Associates LLC (1.75%), Geode Capital Management LLC (1.39%) and Creative Planning (0.92%). View institutional ownership trends for Rite Aid.

RAD stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Creative Planning, Morgan Stanley, Morgan Stanley, Paloma Partners Management Co, JS Capital Management LLC, Engineers Gate Manager LP, and Russell Investments Group Ltd.. View insider buying and selling activity for Rite Aid.

RAD stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Balyasny Asset Management LLC, Parametric Portfolio Associates LLC, Invesco Ltd., State Street Corp, Thrivent Financial for Lutherans, and Bank of New York Mellon Corp. View insider buying and selling activity for Rite Aid.

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 $13.79.

Rite Aid has a market capitalization of $754.38 million 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 48,000 workers across the globe.

The official website for Rite Aid is 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]