How Many Rite Aid Corporation (NYSE:RAD)’s Analysts Are Bearish?

January 18, 2018 - By Adrian Erickson

 How Many Rite Aid Corporation (NYSE:RAD)'s Analysts Are Bearish?
Investors sentiment increased to 0.97 in Q3 2017. Its up 0.19, from 0.78 in 2017Q2. It increased, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported.
Cap One Natl Association has 0% invested in Rite Aid Corporation (NYSE:RAD) for 11,000 shares. Fernwood Inv Ltd Liability Corporation has invested 0.03% in Rite Aid Corporation (NYSE:RAD). State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 6.10M shares. Jfs Wealth Advsrs Lc, Pennsylvania-based fund reported 65,180 shares. Reilly Financial Advsrs Limited Liability Company has 1,000 shares. 45,450 are held by Next Fincl Grp Inc. Connor Clark & Lunn Inv Limited owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 168,900 shares. 18,240 are held by Macquarie Gru. 27,490 were reported by Los Angeles Capital Management And Equity Research. Salzhauer Michael holds 0.69% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 817,434 shares. Raymond James And Assocs has invested 0% in Rite Aid Corporation (NYSE:RAD). Central National Bank & Co has invested 0% in Rite Aid Corporation (NYSE:RAD). Sei Investments invested in 4,215 shares. Virtu Financial Llc invested in 238,376 shares. Financial Bank Of New York Mellon reported 0% of its portfolio in Rite Aid Corporation (NYSE:RAD).

Since October 3, 2017, it had 0 buys, and 1 insider sale for $58,915 activity.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Rite Aid Corporation (NYSE:RAD) has “Neutral” rating given on Wednesday, April 26 by Guggenheim. The rating was upgraded by Vetr on Wednesday, August 19 to “Buy”. The rating was reinitiated by Bank of America with “Underperform” on Friday, June 30. The firm earned “Underperform” rating on Friday, June 30 by Evercore. The firm has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. The firm earned “Hold” rating on Friday, September 29 by Loop Capital. On Thursday, August 13 the stock rating was initiated by Bank of America with “Buy”. On Thursday, September 17 the stock rating was maintained by Mizuho with “Buy”. The firm earned “Hold” rating on Wednesday, January 6 by Evercore. Credit Suisse downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, October 29 to “Neutral” rating. Below is a list of Rite Aid Corporation (NYSE:RAD) latest ratings and price target changes.

05/01/2018 Broker: Evercore Rating: Underperform New Target: $1.5 Initiates Coverage On
04/12/2017 Broker: Deutsche Bank Rating: Hold New Target: $2.25 Initiates Coverage On
25/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $2.0 Maintain
06/10/2017 Broker: Mizuho Rating: Neutral Old Target: $2.95 New Target: $2.25 Maintain
29/09/2017 Broker: Loop Capital Rating: Hold Old Target: $2.5 New Target: $2 Maintain
19/09/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $2.5 Initiates Coverage On
11/09/2017 Broker: Loop Capital Markets Rating: Hold New Target: $2.5 Initiate
20/07/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade

The stock increased 3.14% or $0.07 during the last trading session, reaching $2.3. About 22.66 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since January 18, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $2.42 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 15.54 P/E ratio. 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.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: “What Remains For Rite Aid Corporation? The Risks of Going It Alone” on January 11, 2018, also Investorplace.com with their article: “Amazon Just Gave Investors a Reason to Buy Rite Aid Corporation Stock” published on December 21, 2017, Investorplace.com published: “Surprise! Rite Aid Corporation Looks Ready For Decent Gain” on December 28, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Seekingalpha.com and their article: “Rite Aid Is Cheap For A Reason” published on January 06, 2018 as well as Seekingalpha.com‘s news article titled: “The Real Opportunity For Rite Aid’s Investors” with publication date: December 22, 2017.

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