Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI CEO reports ‘a transformational 2015’

[PR Newswire] – WINSTON-SALEM, N.C., Feb. 11, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “RAI CEO: ‘A transformational 2015 delivers significant momentum entering 2016’.” … Read more on this. Reynolds American Inc. (RAI) , with a current market cap of $67.57B, opened at $46.55. A quick look at the market, the company’s stock traded between $46.50 and $47.54 with a one year range of $33.71 to $50.42. RAI shares are currently priced at 23.80x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 19.70x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 3.03%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $0.50 per share, which would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.99 would be a $0.28 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.04 Billion. If reported, that would be a 42.72% increase over the year-ago quarter. Recently, RBC Capital Mkts downgraded RAI from Top Pick to Outperform (Nov 3, 2015). Previously, Credit Agricole downgraded RAI from Outperform to Underperform. The average price target for RAI shares by the analysts covering the stock is $53.50, which is 14.93% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI completes sale of Natural American Spirit international businesses Company Update: Reynolds American Inc (NYSE:RAI) – Advisory: Reynolds American companies to consolidate manufacturing operations for VUSE Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces executive changes at RAI and R.J. Reynolds Tobacco Company
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