Reynolds American Inc Common St (NYSE:RAI):
Reynolds American acknowledges receipt of non-binding proposal from British American Tobacco to acquire all remaining outstanding shares of RAI stock.
In the market the company is trading up by 0.90% since yesterday’s close of $54.24.
Reynolds American Inc Common St also declared a dividend for shareholders which was paid on Monday October 3rd, 2016. The dividend was $0.460 per share for the quarter which is $1.84 annualized. This dividend represents a yield of $3.40. The ex-dividend date was Thursday the 8th of September 2016.
Company chares are trading at $54.73 which is marginally over the 50 day moving average of $48.50 and a bit higher than the 200 day moving average of $50.05. The 50 day moving average went up $6.23 or +12.84% and the 200 day average went up $4.68 or +9.36%.
The company currently has a P/E ratio of 14.22 and market cap is 78.03B. As of the last earnings report the EPS was $3.85 and is expected to be $2.30 for the current year with 1,425,788,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.58 and the next full year EPS is anticipated to be $2.55.
Several brokerage analysts have released ratings on Reynolds American Inc Common St recently. On October 24 the company was downgraded to “Underperform” from “Underperform” with a current price target of $55.00 in a report issued by CLSA. On October 21 the stock rating was upgraded from “Hold” to “Buy” by analysts at Berenberg.
On October 11 Jefferies left the stock rating at “Buy” but raised the price expectation to $62.00 from $61.00. On September 21, 2016 Jefferies released its first research report on the stock with an initial rating of “Buy” and projecting a price target of $61.00.
Goldman Sachs lowered the price target and downgraded the stock on September 12 changing the price objective from $54.00 to $53.00 and cutting the rating from “Buy” to “Neutral”. On September 12 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $53.00 was set in a statement from Goldman Sachs.