Rite Aid (RAD) Bonds Drop 1.3% During Trading

08 December, 2017, 08:47 | Author: Regina Silva

Peak Asset Management Llc who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $185.09B market cap company. Wall Street analysts covering the stock are projecting that the stock will reach $2.18 within the next 52-weeks. About 3.15 million shares traded. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 4, 2016 and is uptrending. It has outperformed by 29.17% the S&P500. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90, which implies that analysts are generally neutral in their outlook for RAD over the next year. Therefore 14% are positive. Rite Aid had 22 analyst reports since August 6, 2015 according to SRatingsIntel. They set a "hold" rating and a $2.50 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Rite Aid in a research note on Tuesday, September 19th. The firm has "Hold" rating given on Monday, September 11 by Loop Capital Markets. The rating was downgraded by Evercore on Wednesday, January 6 to "Hold". On Friday, November 13 the stock rating was downgraded by JP Morgan to "Neutral". The company was downgraded on Thursday, July 20 by Mizuho. The firm has "Neutral" rating by Mizuho given on Thursday, July 20. Finally, State of New Jersey Common Pension Fund D increased its position in Rite Aid by 46.3% in the 2nd quarter. The Company's segments include Retail Pharmacy and Pharmacy Services. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 21.83. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. After the latest session, which saw the stock close at a price of $1.76, RAD sits below its 52-week high. Schwab Charles Invest Management holds 2.90 million shares. It has underperformed by 71.88% the S&P500.

The stock decreased 1.93% or $0.32 during the last trading session, reaching $16.27.

For Oncobiologics Inc (NASDAQ:ONS) out of the analyst recommendations 0 analysts recommend stock a Buy, 1 rate the stock Outperform, 0 analysts recommend to Hold the stock, 0 rate Underperform and 0 analysts recommend the stock a Sell. It turned negative, as 85 investors sold RAD shares while 96 reduced holdings. 50 funds opened positions while 91 raised stakes.

In corporate news, shares of Bank of America rose 0.7 per cent around midday after the bank declared it would buy back an additional 5$ billion in stock. After having $-0.01 EPS previously, Rite Aid Corporation's analysts see 100.00% EPS growth. The Florida-based Harvey Management Incorporated has invested 0.1% in Rite Aid Corporation (NYSE:RAD).

Sage Therapeutics, Inc. (NASDAQ:SAGE) Sees The Needle Move on Volume
Finally, BlackRock Fund Advisors boosted its position in shares of SAGE Therapeutics by 14.6% in the third quarter. Raymond James upgraded Sage Therapeutics, Inc. (NASDAQ: SAGE ) on Wednesday, June 29 with "Outperform" rating.


Merck KGaA (MRK) Given a €120.00 Price Target at UBS
Finally, J P Morgan Chase & Co restated a neutral rating on shares of Merck KGaA in a research note on Tuesday, November 28th. The institutional investor owned 1,103,689 shares of the company's stock after selling 7,767 shares during the quarter.


Trump calls on Saudis to immediately end Yemen blockade
More than 8,750 people have been killed since Saudi Arabia and its allies joined the government's fight against the Huthis in 2015, triggering what the United Nations has called the world's worst humanitarian crisis.


Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold.

Partner Investment Management Lp increased Portola Pharmaceuticals Inc (PTLA) stake by 47.81% reported in 2017Q2 SEC filing. Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0.05% in Dick's Sporting Goods, Inc. Omers Administration has invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). Fifth Third Comml Bank accumulated 5,304 shares. Alexandria Capital Ltd Limited Liability Company reported 12,400 shares or 0.18% of all its holdings. A total of 13,907,920 shares exchanged hands during the intra-day trade contrast with its average trading volume of 30.19M shares, while its relative volume stands at 0.46. ING Groep NV now owns 173,000 shares of the company's stock worth $510,000 after purchasing an additional 121,000 shares during the last quarter. Connecticut-based Massmutual Tru Commerce Fsb Adv has invested 0% in Rite Aid Corporation (NYSE:RAD). Hhr Asset Management Llc acquired 608,151 shares as Dicks Sporting Goods Inc (DKS)'s stock declined 18.06%. Ww Asset Mgmt invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). The hedge fund run by Matthew Halbower held 2.05 million shares of the medical and nursing services company at the end of 2017Q2, valued at $6.06M, down from 15.60 million at the end of the previous reported quarter. It also reduced Proofpoint Inc (NASDAQ:PFPT) stake by 19,625 shares and now owns 320,040 shares. Berkshire Hathaway Inc Del (BRKB) was raised too. They expect $-0.02 EPS, down 200.00% or $0.04 from last year's $0.02 per share. LDOS's profit will be $122.54M for 19.34 P/E if the $0.81 EPS becomes a reality. Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Friday, August 14. Therefore 50% are positive. Cisco Systems Inc. had 131 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, June 15, the company rating was maintained by TD Securities. The stock of Dick's Sporting Goods, Inc. (NYSE:LDOS) has "Neutral" rating given on Wednesday, December 14 by Goldman Sachs. As per Monday, September 18, the company rating was maintained by Cowen & Co. The rating was maintained by UBS with "Buy" on Friday, December 9. Vetr has "Buy" rating and $10.14 target. The rating was maintained by Cowen & Co on Thursday, August 3 with "Buy".

Shares of Rite Aid (RAD) opened at $1.92 on Friday.

Recommended:

  • SeaWorld Entertainment Inc (NYSE:SEAS) Shares Sold by Advisors Asset Management Inc

    These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. OLD National Bancorp IN purchased a new position in shares of SeaWorld Entertainment during the 3rd quarter valued at $316,000.
    Mike Riley is Headed Back to Oregon State

    Mike Riley is Headed Back to Oregon State

    Also returning to Oregon State is Dan Van De Riet, who will be the Beavers' chief of staff/director of football operations. According to The Oregonian newspaper, Trent Bray is expected to join Oregon State's staff, though his duties are unclear.
    Bayonetta 3 will be a Nintendo Switch exclusive

    Bayonetta 3 will be a Nintendo Switch exclusive

    The Bayonetta Non-Stop Climax Edition will come with a steelbook case, art cards, and other goods for Nintendo Switch. The announcement was made by Reggie who was on stage to reveal the trailer along with Geoff Keighley.
  • India refrains from seeking East Jerusalem as capital of Palestine

    India refrains from seeking East Jerusalem as capital of Palestine

    New Delhi has traditionally supported the Palestinian cause even as it opened diplomatic ties with Israel in 1992. In the past though, the Narendra Modi government has underlined the significance of East Jerusalem for Palestine.
    LG announces classy V30 Signature Edition in Korea

    LG announces classy V30 Signature Edition in Korea

    Further, the handset runs Android 8.0 Oreo and comes preloaded with LG Pay integration. As of now, this device will ship in white and black color options.
    YouTube may launch its own streaming music service in 2018

    YouTube may launch its own streaming music service in 2018

    YouTube will launch a music streaming service next March, according to report published today by Bloomberg . Without major label support, a streaming service can not offer proper content to keep users interested.
  • Trading Vision: Active Stock Focus on Shares of Ciena Corporation (NYSE:CIEN)

    Trading Vision: Active Stock Focus on Shares of Ciena Corporation (NYSE:CIEN)

    Admiral Group plc provides auto insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. Also, it has an estimated price-earnings (P/E) multiple of 10.7 and a trailing 12-month price-earnings (P/E) multiple of 22.96.

    Financial Architects INC Upped Its Goldman Sachs Group INC (GS) Holding

    Goldman Sachs Group Inc now has $93.24 billion valuation. (GS) delivered a decrease of -0.93% return at the end of last trading. With 351,200 avg volume, 2 days are for CYTODYN INCORPORATED (OTCMKTS:CYDY)'s short sellers to cover CYDY's short positions.
    Iger Asked To Stay Disney CEO After Making Fox Deal

    Iger Asked To Stay Disney CEO After Making Fox Deal

    Disney is in the lead to acquire much of Fox's media empire, though rival suitor Comcast Corp remains in contention, Reuters reported on Tuesday.
  • B. Riley Increases Twenty-First Century Fox (NASDAQ:FOXA) Price Target to $36.00

    The most recent bid on the stock was registered at $14.88. "It's hard to speculate on what the final bill is going to say". Technical analysis is as a method that applies to take a guess of future price trends through analyzing market action.
    Firewatch's Campo Santo reveals its new game: In the Valley of Gods

    Firewatch's Campo Santo reveals its new game: In the Valley of Gods

    It appears to be a first-person adventure game that takes place in a 20th century Egypt, given the equipment the characters use. We're now developing the game for Windows, Mac, and Linux, with any potential future platforms yet to be determined.
    PUBG for Xbox Was Treated Like a First-Party Title at Microsoft

    PUBG for Xbox Was Treated Like a First-Party Title at Microsoft

    PlayerUnknown's Battlegrounds is nearing its formal 1.0 launch, and with it will come a new desert map titled Miramar . When we chose to create a new map, we focused on creating an environment that is very different from Erangel.


Popular

Pentagon has no plans to evacuate United States dependents from South Korea
The joint US and South Korean aerial armada includes American aircraft from the Air Force , Navy and the Marine Corps. State Department official, is the highest-level United Nations official to visit North Korea since 2012.

Vera Bradley, Inc. (NASDAQ:VRA) Expected To Report Earnings On Wednesday
The stock has "Buy" rating by Standpoint Research on Wednesday, December 9. (NASDAQ: VRA ) rating on Wednesday, December 9. The stock witnessed 53.62% gains, 25.2% gains and 30.84% gains for the 1-month, 3-month and 6-month period, respectively.

Alec Baldwin: 'Grand Jury' Late Night Shows Are Harming "Innocent People"
Alec Baldwin appears on Megyn Kelly Today on December 7, 2017 . "But I don't want to see innocent people get hurt either". Read his full tweet below [via Vulture ], and please oh please someone book Alec Baldwin on Stephen Colbert next week.

Rep. Gowdy: Why Was Anti-Trump FBI Agent Interviewing Hillary?
Earlier that day, Trump had fired Yates for refusing to defend the travel ban. Strzok's work for the Special Counsel and in the FBI's investigation of Mr.

Sensex Up 163 Points In Early Trade; Nifty Rises Above 10200
However, broader gains were capped ahead of elections in Gujarat due this weekend, in a critical test for Prime Minister Modi. All the BSE sectoral indices except Energy were trading higher led by metal, consumer durables, auto, banks and FMCG.

Hideo Kojima's Death Stranding Gets Disturbing New Trailer at The Game Awards
Though the latest trailer is nothing short of phenomenal. we still don't have a release window for Death Stranding yet. Death Stranding hasn't even released yet, and the narrative has completely enraptured us here at ComicBook.

M&S launch stoneless avocados - and says they could prevent 'avocado hand'
The "cocktail avocado" is a small avocado which is 5-8cm long and grows in Spain and is only available during December. Cocktail Avocados are available in selected M&S stores throughout December, while stocks last at £2 per pack.

A Man Has Died After Being Trapped In Tank At Factory
New South Wales Ambulance Superintendent Paul Turner said that because of the circumstances a rescue attempt was incredibly hard . A factory worker has perished in a really horrific manner after getting trapped inside a hot ink tank while cleaning it out.

Zelda: Breath of the Wild's The Champions' Ballad DLC Pack Launches Tonight
Among other things shown were a series of new outfits, including Twilight Princess enemy Zant. And that machine is the motorcycle-like vehicle that you see at the end of the trailer.

Georges St-Pierre gives up UFC middleweight title, cites health issues
GSP vacated the 185-pound title only a few weeks after defeating Michael Bisping for the belt. It was his first fight back in the Octagon since losing the belt to Bisping in June 2016.