Reynolds American, Inc. (NYSE:RAI) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $63.43.

A number of analysts recently commented on RAI shares. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th.

A number of institutional investors have recently made changes to their positions in the business. Salem Investment Counselors Inc. lifted its position in Reynolds American by 0.4% during the second quarter. Salem Investment Counselors Inc. now owns 2,208 shares of the company’s stock valued at $144,000 after buying an additional 8 shares during the period. Glassman Wealth Services lifted its position in Reynolds American by 0.8% during 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. Savant Capital LLC lifted its position in Reynolds American by 0.3% during the second quarter. Savant Capital LLC now owns 6,114 shares of the company’s stock valued at $398,000 after buying an additional 20 shares during the period. Alps Advisors Inc. lifted its position in Reynolds American by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,908 shares of the company’s stock valued at $514,000 after buying an additional 21 shares during the period. Finally, Guardian Life Insurance Co. of America lifted its position in Reynolds American by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock valued at $201,000 after buying an additional 22 shares during the period. 46.34% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This story was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/01/reynolds-american-inc-rai-receives-average-recommendation-of-hold-from-brokerages.html.

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)

Receive News & Ratings for Reynolds American Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc. and related companies with MarketBeat.com's FREE daily email newsletter.