The stock of Reynolds American, Inc. (NYSE:RAI) is a huge mover today! About 4.28 million shares traded hands. Reynolds American, Inc. (NYSE:RAI) has declined 7.13% since March 11, 2016 and is downtrending. It has underperformed by 12.58% the S&P500.
The move comes after 8 months negative chart setup for the $68.14 billion company. It was reported on Oct, 14 by Barchart.com. We have $43.12 PT which if reached, will make NYSE:RAI worth $6.13 billion less.
Analysts await Reynolds American, Inc. (NYSE:RAI) to report earnings on October, 25. They expect $0.66 earnings per share, up 20.00% or $0.11 from last year’s $0.55 per share. RAI’s profit will be $949.19M for 17.95 P/E if the $0.66 EPS becomes a reality. After $0.58 actual earnings per share reported by Reynolds American, Inc. for the previous quarter, Wall Street now forecasts 13.79% EPS growth.
Reynolds American, Inc. (NYSE:RAI) Ratings Coverage
Out of 13 analysts covering Reynolds American Inc. (NYSE:RAI), 7 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 54% are positive. Reynolds American Inc. has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Tuesday, June 14, the company rating was initiated by Berenberg. Credit Agricole downgraded the stock to “Underperform” rating in Wednesday, October 21 report. As per Wednesday, October 28, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Tuesday, September 13 by Citigroup. The firm has “Buy” rating given on Wednesday, March 16 by Goldman Sachs. As per Wednesday, October 21, the company rating was downgraded by CLSA. Jefferies initiated Reynolds American, Inc. (NYSE:RAI) rating on Wednesday, September 21. Jefferies has “Buy” rating and $61 price target. The firm has “Neutral” rating by UBS given on Thursday, August 25. Zacks downgraded the shares of RAI in a report on Friday, August 21 to “Buy” rating. The stock of Reynolds American, Inc. (NYSE:RAI) earned “Strong Buy” rating by S&P Research on Wednesday, July 29.
According to Zacks Investment Research, “Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the United States, including five of the nation’s 10 best-selling brands: Camel, Winston, KOOL, Salem and Doral. Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes.”
Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.08, from 1.07 in 2016Q1. The ratio improved, as 44 funds sold all Reynolds American, Inc. shares owned while 247 reduced positions. 55 funds bought stakes while 280 increased positions. They now own 644.47 million shares or 0.10% more from 643.79 million shares in 2016Q1.
Arcadia Invest Management Corp Mi, a Michigan-based fund reported 50 shares. Moreover, Quantitative Systematic Strategies Ltd Limited Liability Company has 0.09% invested in Reynolds American, Inc. (NYSE:RAI) for 3,783 shares. Moreover, Lord Abbett And Limited Com has 0.49% invested in Reynolds American, Inc. (NYSE:RAI) for 2.92M shares. Schwab Charles Inv Management holds 0.21% of its portfolio in Reynolds American, Inc. (NYSE:RAI) for 3.18M shares. Ironsides Asset Advisors Ltd Llc has 5,575 shares for 0.09% of their US portfolio. Lansdowne Partners (Uk) Limited Liability Partnership has 0.03% invested in the company for 62,477 shares. Spirit Of America Mngmt Ny, a New York-based fund reported 3,852 shares. Ing Groep Nv holds 0.22% or 297,887 shares in its portfolio. Moreover, Berkshire Asset Mgmt Ltd Liability Company Pa has 0.03% invested in Reynolds American, Inc. (NYSE:RAI) for 4,046 shares. Quantitative Invest Mngmt owns 105,200 shares or 0.26% of their US portfolio. Panagora Asset Mgmt owns 51,590 shares or 0.01% of their US portfolio. Motco owns 302 shares or 0% of their US portfolio. Royal London Asset Management Ltd reported 277,496 shares or 0.24% of all its holdings. Cypress Management Limited Liability (Wy) reported 125,065 shares or 0.01% of all its holdings. Citigroup last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 3 insider sales for $37.24 million net activity. The insider British American Tobacco p.l.c. sold 660,385 shares worth $31.72 million. 5,000 shares were sold by WAJNERT THOMAS C, worth $249,120 on Thursday, May 5. CAMERON SUSAN M. also sold $5.28 million worth of Reynolds American, Inc. (NYSE:RAI) on Thursday, May 5.
More important recent Reynolds American, Inc. (NYSE:RAI) news were published by: Forbes.com which released: “Reynolds American Enters Oversold Territory” on October 05, 2016, also Fool.com published article titled: “Better Buy: Philip Morris International Inc. vs. Reynolds American, Inc.”, Bloomberg.com published: “Camel Smoker John Boehner Joins Board of Reynolds American” on September 15, 2016. More interesting news about Reynolds American, Inc. (NYSE:RAI) was released by: Fool.com and their article: “Better Buy: Altria Group Inc. vs. Reynolds American” with publication date: October 03, 2016.
RAI Company Profile
Reynolds American Inc. (RAI), incorporated on January 2, 2004, is a holding company. The Company’s divisions are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary activities of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic activities of Santa Fe Natural Tobacco Company, Inc. (SFNTC). The American Snuff segment consists of the primary activities of American Snuff Company, LLC (American Snuff Co.). The Company’s operating subsidiaries include R. J. Reynolds Tobacco Company, SFNTC, American Snuff Co., R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.
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