Reynolds American Given Consensus Rating of “Buy” by Brokerages (NYSE:RAI)
Shares of Reynolds American (NYSE:RAI) have received an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, ARN reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $62.04.
A number of research firms have recently commented on RAI. Analysts at Morgan Stanley upgraded shares of Reynolds American from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 5th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Reynolds American in a research note on Thursday, July 31st. They now have a $60.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of Reynolds American from an “outperform” rating to a “top pick” rating in a research note on Monday, July 28th. They now have a $72.00 price target on the stock.
Reynolds American (NYSE:RAI) opened at 58.00 on Friday. Reynolds American has a 52-week low of $46.55 and a 52-week high of $63.39. The stock has a 50-day moving average of $57.80 and a 200-day moving average of $56.23. The company has a market cap of $30.814 billion and a P/E ratio of 19.51.
Reynolds American (NYSE:RAI) last announced its earnings results on Tuesday, July 29th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.84 earnings per share. Reynolds American’s revenue was down .8% compared to the same quarter last year. On average, analysts predict that Reynolds American will post $3.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Monday, September 8th.
Reynolds American Inc (NYSE:RAI) is a holding company.
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