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.
The company is so far trading up by 0.90% since yesterday’s close of $54.24.
The company recently announced a dividend for shareholders paid on Monday the 3rd of October 2016. The dividend payment 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 set for Thursday the 8th of September 2016.
Shares of the company are trading at $54.73 just a bit higher than $48.50, the 50 day moving average and which is marginally over 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 by +9.36%.
The P/E ratio is 14.22 and market capitalization 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 currently outstanding. Analysts expect next quarter’s EPS will be $0.58 with next year’s EPS anticipated to be $2.55.
A few brokerages have released ratings on the company. 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, 2016 the stock rating was rated “Buy” according to a Berenberg report up from the previous “Hold” rating.
On October 11 Jefferies left the company rating at “Buy” but raised the price target from $61.00 to $62.00. Jefferies started covering RAI setting 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 target from $54.00 to $53.00 and changing the rating from “Buy” to “Neutral”. On September 12 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $53.00 was set in a report from Goldman Sachs.