Reynolds American Inc. (RAI) Given Neutral Rating at Goldman Sachs Group Inc.
RAI has been the topic of several other reports. Zacks Investment Research cut Reynolds American from a hold rating to a sell rating in a research report on Wednesday, July 27th. Jefferies Group assumed coverage on Reynolds American in a research report on Wednesday, September 21st. They issued a buy rating and a $61.00 target price on the stock. Morgan Stanley reissued a hold rating on shares of Reynolds American in a research report on Thursday, September 1st. Cowen and Company reissued an outperform rating and issued a $57.00 target price on shares of Reynolds American in a research report on Tuesday, August 16th. Finally, Vetr raised Reynolds American from a buy rating to a strong-buy rating and set a $56.12 target price on the stock in a research report on Thursday, September 8th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Reynolds American presently has an average rating of Buy and a consensus price target of $55.93.
Reynolds American (NYSE:RAI) traded down 0.36% on Friday, hitting $47.27. 6,043,931 shares of the company traded hands. The firm’s 50 day moving average price is $48.06 and its 200 day moving average price is $49.97. The firm has a market capitalization of $67.47 billion, a PE ratio of 12.75 and a beta of 0.40. Reynolds American has a 1-year low of $44.06 and a 1-year high of $54.48.
Reynolds American (NYSE:RAI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by $0.03. Reynolds American had a net margin of 42.97% and a return on equity of 15.24%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business earned $1.02 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Equities research analysts predict that Reynolds American will post $2.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, September 8th. This is an increase from Reynolds American’s previous quarterly dividend of $0.42. Reynolds American’s dividend payout ratio (DPR) is 49.73%.
In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of Reynolds American stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total transaction of $31,718,291.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Americafirst Capital Management LLC purchased a new stake in Reynolds American during the second quarter worth about $109,000. Feltz Wealth PLAN Inc. purchased a new stake in Reynolds American during the second quarter worth about $130,000. Quadrant Capital Group LLC increased its stake in Reynolds American by 7.4% in the second quarter. Quadrant Capital Group LLC now owns 2,928 shares of the company’s stock worth $150,000 after buying an additional 203 shares during the last quarter. Community Bank N.A. increased its stake in Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock worth $153,000 after buying an additional 1,692 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Reynolds American by 155.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,891 shares of the company’s stock worth $156,000 after buying an additional 1,759 shares during the last quarter. 46.92% 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 are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).
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