Reynolds American Inc Common St (NYSE:RAI):
RAI implements leadership succession plan;.
The company is now up by 0.90% since yesterday’s close of $54.24.
Additionally Reynolds American Inc Common St recently announced a dividend for shareholders that was paid on Monday October 3rd, 2016. The dividend was $0.460 per share for the quarter or $1.84 annualized. This dividend represents a yield of $3.40. The ex-dividend date was Thursday the 8th of September 2016.
Shares of the company are trading at $54.73 a bit higher than the 50 day moving average which is $48.50 and which is marginally higher than the 200 day moving average of $50.05. The 50 day moving average was up $6.23 or +12.84% and the 200 day average was up $4.68.
The most current P/E ratio is 14.22 and the market cap is 78.03B. As of the latest earnings report the EPS was $3.85 and is estimated to be $2.30 for the current year with 1,425,788,000 shares presently outstanding. Next quarter’s EPS is expected be $0.58 with next year’s EPS anticipated to be $2.55.
Investment analysts have issued ratings on the company recently. On October 24 the stock rating was downgraded to “Underperform” from “Underperform” and a price target of $55.00 was set in a statement from CLSA. On October 21 the company was upgraded from “Hold” to “Buy” in a report issued by Berenberg.
On October 11 Jefferies maintained a stock rating of “Buy” but raised the price expectation from $61.00 to $62.00. On September 21, 2016 Jefferies began coverage setting a rating of “Buy” and price target of $61.00.
Goldman Sachs both downgraded the stock and lowered the price target on September 12 changing the price target from $54.00 to $53.00 and changing the rating from “Buy” to “Neutral”. On September 12 the stock rating was downgraded to “Neutral” from “Buy” with a current price target of $53.00 by Goldman Sachs.