Are Analysts Bearish Rite Aid Corporation (NYSE:RAD) After Last Week?

June 8, 2018 - By Winifred Garcia

Rite Aid Corporation (NYSE:RAD) LogoInvestors sentiment increased to 1.03 in Q1 2018. Its up 0.16, from 0.87 in 2017Q4. It is positive, as 30 investors sold Rite Aid Corporation shares while 80 reduced holdings. 40 funds opened positions while 73 raised stakes. 523.20 million shares or 6.62% more from 490.70 million shares in 2017Q4 were reported.
Hbk Sorce Advisory Ltd has 14,246 shares. State Of Wisconsin Investment Board reported 4.09 million shares. Fifth Third Natl Bank invested in 8,000 shares. Wg Shaheen & Assocs Dba Whitney & Commerce holds 0% in Rite Aid Corporation (NYSE:RAD) or 5,000 shares. Glenmede Trust Com Na has 0% invested in Rite Aid Corporation (NYSE:RAD). American Intll Gp has invested 0% in Rite Aid Corporation (NYSE:RAD). Stratos Wealth Partners Ltd has invested 0% in Rite Aid Corporation (NYSE:RAD). Lincoln, a Pennsylvania-based fund reported 13,593 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 0.05% or 2.18M shares. The California-based Cohen Mngmt has invested 0.02% in Rite Aid Corporation (NYSE:RAD). Fiera Corporation accumulated 40,404 shares. Pinnacle Associates Limited owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 19,000 shares. Reilly Advsr Ltd Com has invested 0% in Rite Aid Corporation (NYSE:RAD). Jane Street Group Incorporated Ltd Com holds 24,895 shares or 0% of its portfolio. Highfields Cap Management Lp invested in 0.71% or 47.01 million shares.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 2 analysts covering Rite Aid (NYSE:RAD), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Rite Aid had 3 analyst reports since January 5, 2018 according to SRatingsIntel. Cowen & Co maintained the shares of RAD in report on Friday, April 13 with “Buy” rating. Below is a list of Rite Aid Corporation (NYSE:RAD) latest ratings and price target changes.

13/04/2018 Broker: Cowen & Co Rating: Buy New Target: $2.5000 Maintain
20/02/2018 Broker: Evercore Rating: Sell New Target: $1.5
05/01/2018 Broker: Evercore Rating: Underperform New Target: $1.5 Initiates Coverage On

The stock increased 1.80% or $0.03 during the last trading session, reaching $1.7. About 9.96M shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.14% since June 8, 2017 and is downtrending. It has underperformed by 67.71% 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 $1.79 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 1.89 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.

Another recent and important Rite Aid Corporation (NYSE:RAD) news was published by Seekingalpha.com which published an article titled: “Institutions Must Vote ‘No’ On Rite Aid-Albertsons Deal” on May 16, 2018.

Rite Aid Corporation (NYSE:RAD) Institutional Positions Chart

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