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

January 18, 2018 - By Ellis Scott

 How Many Rite Aid Corporation (NYSE:RAD)'s Analysts Are Bearish?
Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.19, from 0.78 in 2017Q2. It improved, 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.
Quinn Opportunity Ptnrs Ltd Company reported 1.42M shares stake. Raymond James Serv Advsr Inc invested 0% in Rite Aid Corporation (NYSE:RAD). Tiedemann Wealth Mngmt Lc holds 25,107 shares or 0% of its portfolio. Glg L P invested in 0.01% or 130,808 shares. Raymond James & has 1.04 million shares. 17,470 are held by Round Table Ltd Liability Co. Bluecrest Cap Limited holds 0% or 52,492 shares. Pinnacle Associates has invested 0% in Rite Aid Corporation (NYSE:RAD). Commonwealth Equity Inc stated it has 0% in Rite Aid Corporation (NYSE:RAD). Burt Wealth reported 0% stake. Greenlight Capital Incorporated accumulated 15.28M shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems stated it has 5.41 million shares. Inv Centers Of America Inc invested in 184,991 shares or 0.03% of the stock. Bb&T Lc owns 10,800 shares for 0% of their portfolio. Omers Administration Corp holds 0% or 170,100 shares.

Since October 3, 2017, it had 0 insider 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) earned “Hold” rating by Evercore on Wednesday, January 6. The firm earned “Hold” rating on Wednesday, October 25 by RBC Capital Markets. Mizuho maintained the stock with “Buy” rating in Thursday, September 17 report. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Wednesday, August 19 by Vetr. The rating was downgraded by Goldman Sachs on Thursday, October 29 to “Neutral”. Mizuho downgraded the shares of RAD in report on Thursday, July 20 to “Neutral” rating. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by Mizuho on Friday, October 6. The company was initiated on Monday, September 11 by Loop Capital Markets. Vetr downgraded the stock to “Buy” rating in Thursday, August 6 report. The rating was upgraded by Vetr on Friday, August 14 to “Buy”. 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 22.66M 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: “Surprise! Rite Aid Corporation Looks Ready For Decent Gain” on December 28, 2017, also Investorplace.com with their article: “Amazon Just Gave Investors a Reason to Buy Rite Aid Corporation Stock” published on December 21, 2017, Seekingalpha.com published: “The Real Opportunity For Rite Aid’s Investors” on December 22, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “What Remains For Rite Aid Corporation? The Risks of Going It Alone” published on January 11, 2018 as well as Seekingalpha.com‘s news article titled: “Rite Aid Is Cheap For A Reason” with publication date: January 06, 2018.

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