Investment analysts at Evercore ISI started coverage on shares of Rite Aid (NYSE:RAD) in a report issued on Thursday, The Fly reports. The brokerage set an “underperform” rating on the stock.
A number of other analysts have also issued reports on RAD. Loop Capital started coverage on Rite Aid in a research note on Monday, September 11th. They issued a “hold” rating and a $2.50 price target on the stock. Royal Bank of Canada started coverage on Rite Aid in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $2.50 price target on the stock. Guggenheim reissued a “neutral” rating and issued a $2.00 price target on shares of Rite Aid in a research note on Monday, October 2nd. Zacks Investment Research lowered Rite Aid from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Mizuho decreased their price target on Rite Aid from $2.95 to $2.25 and set a “neutral” rating on the stock in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.25.
Shares of Rite Aid (RAD) traded down $0.02 during trading hours on Thursday, reaching $2.11. The company’s stock had a trading volume of 43,895,102 shares, compared to its average volume of 39,275,250. The company has a current ratio of 1.74, a quick ratio of 0.77 and a debt-to-equity ratio of 9.71. Rite Aid has a 12-month low of $1.38 and a 12-month high of $8.77. The firm has a market cap of $2,210.00, a price-to-earnings ratio of 26.38 and a beta of 1.83.
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About Rite Aid
Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.