Walgreens and Rite Aid Agree to Cut Deal Price, Sell More Stores

Posted January 31, 2017

The Company has 52-week high of $8.77 and 52-week low of $6.26.

RAD stock's price is now -20.98% down from its 52-week high and +9.48% up from its 52-week low. The weekly volatility of DHT is 2.28% and monthly volatility is 3.25%. Volume of almost 17 million was about 15% below the daily average of around 20 million shares traded. This implied an EV/EBITDA of 10.6X, in line with Rite Aid's ten-year average.

Rite Aid operates approximately 4,600 stores in 31 states and the District of Columbia, with a strong presence on both the East and West Coasts.

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Rite Aid shareholders have that sinking feeling.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Analyst's mean target price for the firm is $7.67 while analysts mean recommendation is 1.30. As per Wednesday, August 19, the company rating was upgraded by Vetr.

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Rite Aid Corporation (NYSE:RAD) last issued its quarterly earnings data on Thursday, December 22nd.

Rite Aid's shares plummeted 16% on the news, while WBA's were flat.

09/17/2015 - Rite Aid Corporation had its "buy" rating reiterated by analysts at Mizuho. The stock has been active on the tape, now trading at $6.93, up from yesterday's close by 2.21%. The company was downgraded on Friday, April 8 by Deutsche Bank. It operates stores in the majority of the major USA metropolitan markets. The Company's Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog. Its up 0.30, from 0.88 in 2016Q2. They now own 593.98 million shares or 6.09% less from 632.53 million shares in 2016Q2. This year company's Earnings per Share (EPS) growth is 433.60% and next year's estimated EPS growth is -72.14%. Wolverine Asset Mgmt Ltd Com accumulated 0.09% or 740,705 shares. That, as Bloomberg reports, is likely due to regulatory concerns. Invesco last reported 0% of its portfolio in the stock.

10/29/2015 - Rite Aid Corporation was downgraded to " by analysts at Goldman Sachs.

Walgreens Boots Alliance Inc. said it will now pay between $6.50 and $7 per Rite Aid Corp. share, down from the $9-per-share it agreed to pay when the deal was unveiled in October 2015. Wedbush Securities Inc. increased its position in shares of Rite Aid Corporation by 14.5% in the third quarter. The Company's segments include Retail Pharmacy and Pharmacy Services. The Firm operates under The Rite Aid name.