Shares of Reynolds American, Inc. (NYSE:RAI) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $59.82.

Several equities analysts recently commented on the stock. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Piper Jaffray Companies began coverage on shares of Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price for the company. Cowen and Company reissued a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Monday, June 12th.

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Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in shares of Reynolds American by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after buying an additional 39 shares during the period. Glassman Wealth Services increased its position in shares of Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after buying an additional 12 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Reynolds American during the second quarter valued at about $103,000. Shine Investment Advisory Services Inc. bought a new position in shares of Reynolds American during the second quarter valued at about $119,000. Finally, Motco increased its position in shares of Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after buying an additional 1,660 shares during the period. 46.34% of the stock is currently owned by institutional investors and hedge funds.

Reynolds American (NYSE RAI) opened at 65.40 on Friday. The stock has a 50 day moving average of $65.25 and a 200-day moving average of $64.00. Reynolds American has a 52-week low of $43.38 and a 52-week high of $67.81.

About Reynolds American

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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