Brokerages Set Reynolds American, Inc. (RAI) Price Target at $57.11
Shares of Reynolds American, Inc. (NYSE:RAI) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $57.11.
Several research firms have commented on RAI. Vetr upgraded Reynolds American from a “sell” rating to a “hold” rating and set a $60.00 target price for the company in a research report on Monday, February 13th. Citigroup Inc downgraded Reynolds American from a “buy” rating to a “neutral” rating and increased their target price for the company from $57.00 to $60.00 in a research report on Wednesday, January 18th. Royal Bank of Canada set a $54.00 target price on Reynolds American and gave the company a “buy” rating in a research report on Monday, January 2nd. Wells Fargo & Co downgraded Reynolds American from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Finally, Jefferies Group LLC downgraded Reynolds American from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Friday, February 17th.
Shares of Reynolds American (NYSE:RAI) opened at 62.01 on Thursday. The company has a market cap of $88.42 billion, a PE ratio of 14.59 and a beta of 0.42. The firm has a 50-day moving average price of $60.79 and a 200 day moving average price of $54.76. Reynolds American has a 1-year low of $43.38 and a 1-year high of $62.11.
Reynolds American (NYSE:RAI) last posted its earnings results on Thursday, February 9th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm earned $3.19 billion during the quarter, compared to the consensus estimate of $3.16 billion. Reynolds American had a return on equity of 15.40% and a net margin of 48.57%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts anticipate that Reynolds American will post $2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 10th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Reynolds American’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 8th. Reynolds American’s dividend payout ratio (DPR) is 43.29%.
In other news, EVP Nancy H. Hawley sold 5,586 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $60.68, for a total transaction of $338,958.48. Following the completion of the transaction, the executive vice president now directly owns 10,175 shares in the company, valued at $617,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew D. Gilchrist sold 54,030 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $61.21, for a total value of $3,307,176.30. Following the transaction, the chief financial officer now owns 96,030 shares of the company’s stock, valued at $5,877,996.30. The disclosure for this sale can be found here. Insiders have sold 99,110 shares of company stock valued at $6,051,675 over the last 90 days. 0.11% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Ffcm LLC bought a new position in shares of Reynolds American during the fourth quarter worth about $107,000. Compagnie Lombard Odier SCmA increased its position in shares of Reynolds American by 30.7% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,312 shares of the company’s stock worth $109,000 after buying an additional 543 shares during the period. Sowell Financial Services LLC bought a new position in shares of Reynolds American during the fourth quarter worth about $128,000. Parallel Advisors LLC bought a new position in shares of Reynolds American during the fourth quarter worth about $142,000. Finally, Bank Hapoalim BM bought a new position in shares of Reynolds American during the third quarter worth about $146,000. Institutional investors own 46.09% of the company’s stock.
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Reynolds American Company Profile
Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.
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