Recently, McKesson Corporation announced that it has now expanded its distribution- agreement with the Rite Aid Corporation (NYSE:RAD). This agreement includes brand & generic pharmaceuticals. This new agreement spans 5 years upto Mar 2019. It will allow both these companies to leverage the other’s expertise. Rite Aid Corporation (NYSE:RAD) is one of the front-running national drug-store chains in the United States and McKesson is the leader in pharma sourcing as well as supply-chain management. According to the terms of the expanded agreement, McKesson will now be responsible for sourcing & the distribution of generic- pharmaceuticals for Rite Aid Corporation (NYSE:RAD) as a part of the proprietary One-Stop Generics program. Rite Aid Corporation (NYSE:RAD) shares after opening at $6.92 moved to $6.93 on last trade day and at the end of the day closed at $6.87. Company price to sales ratio in past twelve months was calculated as 0.25 and price to cash ratio as 35.21. Rite Aid Corporation (NYSE:RAD) showed a positive weekly performance of 6.84%.
Goldman Sachs upped the price target on Walgreen Company (NYSE:WAG) from $67.00 to $79.00 in the report issued to investors. The firm currently has a rating of “buy” on the stock. Recently, numerous other analysts have commented on the Walgreen Company (NYSE:WAG) stock. Susquehanna analysts upped their price target on Walgreen Company (NYSE:WAG) shares from $67.00 up to $80.00 in the research note on 4 March. Separately, Morgan Stanley analysts reiterated an “overweight” rating on Walgreen Company (NYSE:WAG) shares in the research note on 3 March. They have now set a price target of $68.00 on the company stock. Walgreen Company (NYSE:WAG) shares advanced 0.40% in last trading session and ended the day on $67.34. WAG return on equity ratio is recorded as 14.10% and its return on assets is 7.60%. Walgreen Company (NYSE:WAG) yearly performance is 61.68%.
In related movers, Nutritional supplements chain GNC Holdings Inc. (NYSE:GNC) ratings were lowered to neutral from outperform on Monday by Credit Suisse. Analyst Gary Balter reported that he was concerned there’s “lower visibility” into the firm’s same-store sales upside in the second half. The expert stated that the firm’s free Gold Card membership giveaways might contain the renewal rates from the free card past year are missing prospect. GNC shares moved down 3% in early session. GNC Holdings Inc (NYSE:GNC) shares moved down -2.81% in last trading session and was closed at $45.24, while trading in range of $45.00-$45.99.GNC Holdings Inc (NYSE:GNC) year to date performance is -22.35%.
PharMerica Corp. (NYSE:PMC) CEO Gregory S. Weishar sold 60,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $26.27, for a total transaction of $1,576,200.00. PharMerica Corporation (NYSE:PMC) weekly performance is 6.57%. On last trading day company shares ended up $26.60. PharMerica Corporation (NYSE:PMC) distance from 50-day simple moving average is 10.79%. Analysts mean target price for the company is $27.00.