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

12 August 2017, 12:17 | Melvin Schneider

Cowen Group Inc decreased Teva Pharmaceutical Inds Ltd (Call) (TEVA) stake by 56.61% reported in 2016Q4 SEC filing. The stock traded at a volume of 22.55 million shares. Gulf International Bank UK Ltd now owns 334,300 shares of the company's stock valued at $1,420,000 after buying an additional 4,200 shares during the period. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Moors Cabot owns 13,700 shares.

Rite Aid Corporation, launched on April 15, 1968, is a retail drugstore chain. It has underperformed by 71.88% the S&P500.

Rite Aid Corp (NYSE:RAD) 52-week high price stands at $8.77 and low price stands at $2.21, its price distance from 52-week high is -74.34% while its distance from 52-week low price is 1.81%.

Wall Street analysts are predicting that Rite Aid Corp (NYSE:RAD) will report earnings per share of $-0.01 in their quarterly report. Therefore 53% are positive. Mizuho maintained the stock with "Buy" rating in Thursday, September 17 report. Rite Aid had 17 analyst reports since August 6, 2015 according to SRatingsIntel. Rite Aid Corporation presently has a consensus rating of "Hold" and an average price target of $4.53. Credit Suisse downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, October 29 to "Neutral" rating. Guggenheim reaffirmed a "neutral" rating on shares of Rite Aid Corporation in a report on Monday, July 3rd. The firm has "Underweight" rating given on Friday, January 15 by Barclays Capital.

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Investors sentiment increased to Infinity in 2016 Q4. Its up 0.10, from 1.03 in 2016Q3. Jnba Financial Advisors bought 16,619 shares as the company's stock declined 2.31% while stock markets rallied. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. 250 were reported by Hartford Mgmt. Cap Guardian Tru reported 4,840 shares. Pyrrho Capital Lp stated it has 136,000 shares or 1.68% of all its holdings. Goldman Sachs Gp has 0.01% invested in Rite Aid Corporation (NYSE:RAD). Alpine Ptnrs Vi Llc invested in 2.52% or 652,999 shares. Bnp Paribas Invest Partners has 0% invested in Rite Aid Corporation (NYSE:RAD). The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Rite Aid Corporation had a positive return on equity of 0.52% and a negative net margin of 0.21%. Winfield Associate owns 90 shares. Active investors may choose to use this technical indicator as a stock evaluation tool. Barclays Pcl accumulated 1.48M shares.

Beta is also an important valuation ratio for analyzing the stock of the company, RAD has Beta of 1.81 while its industry and Sector's beta remains at 0.65 and 0.68 respectively. It also reduced its holding in Emergent Biosolutions Inc (Prn) by 1.50 million shares in the quarter, leaving it with 8.50 million shares, and cut its stake in Allergan Plc. Analysts anticipate that Rite Aid Corporation will post ($0.09) EPS for the current fiscal year. Nielsen Holdings NV had 28 analyst reports since July 30, 2015 according to SRatingsIntel. Citigroup maintained the shares of GILD in report on Friday, April 29 with "Buy" rating. Furthermore on 3/15/16 Credit Suisse "Assumes" the stock to Outperform at $9. (NASDAQ:GILD) has "Buy" rating given on Wednesday, October 5 by Jefferies. The firm has "Hold" rating by Maxim Group given on Thursday, July 13.

More notable recent Gilead Sciences, Inc. It is down 55.18% since August 10, 2016 and is downtrending. More interesting news about Walt Disney Co (NYSE:DIS) were released by: Fool.com and their article: "Why Walt Disney Co". The consensus recommendation for stock is 2.70. Capstone Asset Management Co. boosted its position in shares of Rite Aid Corporation by 7.9% in the first quarter. Cohen Capital Management Inc. now owns 26,978 shares of the company's stock worth $115,000 after buying an additional 875 shares during the last quarter.



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