Reynolds American, Inc. (NYSE:RAI) received a $60.00 price target from analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price objective points to a potential downside of 8.26% from the stock’s previous close.

RAI has been the topic of a number of other reports. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Monday, June 12th. Piper Jaffray Companies started coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $59.82.

Shares of Reynolds American (NYSE:RAI) traded down 2.23% on Friday, hitting $65.40. 159,452,032 shares of the company were exchanged. Reynolds American has a 52-week low of $43.38 and a 52-week high of $67.81. The company has a 50-day moving average price of $65.25 and a 200 day moving average price of $64.00.

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A number of institutional investors have recently bought and sold shares of RAI. Louisiana State Employees Retirement System raised its position in Reynolds American by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock worth $3,337,000 after buying an additional 500 shares in the last quarter. Pentwater Capital Management LP acquired a new position in Reynolds American during the first quarter worth approximately $321,455,000. Waldron LP raised its position in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after buying an additional 294 shares in the last quarter. Capital Fund Management S.A. raised its position in Reynolds American by 2,030.6% in the first quarter. Capital Fund Management S.A. now owns 46,063 shares of the company’s stock worth $2,903,000 after buying an additional 43,901 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its position in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock worth $268,000 after buying an additional 25 shares in the last quarter. 46.34% of the stock is currently owned by institutional investors.

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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