Shares of Reynolds American Inc (NYSE:RAI) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $59.82.

Several brokerages recently issued reports on RAI. Vetr lowered shares of Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 price objective on the stock. in a report on Wednesday, April 5th. Piper Jaffray Companies began coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating and set a $60.00 price objective on shares of Reynolds American in a report on Wednesday, April 26th. Finally, Cowen and Company reissued a “hold” rating and set a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th.

Reynolds American (NYSE RAI) opened at 66.89 on Monday. Reynolds American has a 12-month low of $43.38 and a 12-month high of $67.81. The firm’s 50 day moving average price is $65.67 and its 200-day moving average price is $62.92. The stock has a market cap of $95.43 billion, a P/E ratio of 29.02 and a beta of 0.41.

Reynolds American (NYSE:RAI) last issued its earnings results on Wednesday, May 3rd. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Reynolds American had a return on equity of 15.64% and a net margin of 26.23%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Equities research analysts anticipate that Reynolds American will post $2.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, June 8th. Reynolds American’s dividend payout ratio is currently 88.31%.

Several large investors have recently bought and sold shares of RAI. Dynamic Advisors Solutions LLC increased its stake in Reynolds American by 0.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 6,966 shares of the company’s stock valued at $439,000 after buying an additional 54 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock valued at $1,109,000 after buying an additional 3,500 shares during the last quarter. Creative Planning increased its stake in Reynolds American by 4.5% in the first quarter. Creative Planning now owns 139,205 shares of the company’s stock valued at $8,773,000 after buying an additional 5,972 shares during the last quarter. LifePlan Financial Group Inc increased its stake in Reynolds American by 1.7% in the first quarter. LifePlan Financial Group Inc now owns 14,957 shares of the company’s stock valued at $943,000 after buying an additional 243 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Reynolds American by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 717,399 shares of the company’s stock valued at $45,211,000 after buying an additional 21,946 shares during the last quarter. Institutional investors and hedge funds own 46.34% 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.

Analyst Recommendations for Reynolds American (NYSE:RAI)

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