Reynolds American Inc Common St (NYSE:RAI):
RAI implements leadership succession plan;.
The company is trading up by 0.90 percent from yesterday’s close.
The company recently declared a dividend which was paid on Monday October 3rd, 2016. The dividend payment was $0.460 per share for the quarter or $1.84 on an annualized basis. This dividend represents a yield of $3.40. The ex-dividend date was Thursday the 8th of September 2016.
The stock is trading at $54.73 just above the 50 day moving average of $48.50 and a tad higher than the 200 day moving average of $50.05. The 50 day moving average went up $6.23 or +12.84% whereas the 200 day average was up by +9.36%.
The most current P/E ratio is 14.22 and market cap is 78.03B. As of the latest earnings report the EPS was $3.85 and is projected to be $2.30 for the current year with 1,425,788,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.58 with next year’s EPS projected to be $2.55.
Wall Street investment firms have provided guidance on RAI of late. On October 24 the company was downgraded from “Underperform” to “Underperform” with a current price target of $55.00 by CLSA. On October 21, 2016 the stock rating was changed to a “Buy” according to a Berenberg report which was a boost from the previous “Hold” rating.
On October 11 Jefferies held the stock rating at “Buy” and moved up the price target to $62.00 from $61.00. On September 21, 2016 Jefferies released its first research report on the stock with a rating of “Buy” and a price target of $61.00.
Goldman Sachs downgraded the stock and lowered the price target on September 12 changing the price objective from $54.00 to $53.00 and setting the rating at “Neutral” which had previously been “Buy”. On September 12 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $53.00 was set in a report issued by Goldman Sachs.