Shares of Reynolds American, Inc. (NYSE:RAI) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $59.82.

A number of analysts recently weighed in on RAI shares. Piper Jaffray Companies started coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Monday, June 12th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 target price on shares of Reynolds American in a report on Tuesday, July 11th. Finally, Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a report on Monday, July 17th.

Shares of Reynolds American (NYSE:RAI) opened at 65.40 on Tuesday. The company’s 50 day moving average is $65.25 and its 200 day moving average is $64.00. Reynolds American has a 52-week low of $43.38 and a 52-week high of $67.81.

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Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its stake in Reynolds American by 2.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock worth $102,000 after buying an additional 39 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Reynolds American by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after purchasing an additional 12 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Reynolds American in the 2nd quarter valued at $103,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Reynolds American in the 2nd quarter valued at $119,000. Finally, Motco boosted its stake in shares of Reynolds American by 549.7% in the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after purchasing an additional 1,660 shares in the last quarter. 46.34% of the stock is owned by institutional investors and hedge funds.

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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