20 July, 2017
British American Tobacco PLC on Wednesday said its proposed acquisition of Reynolds American Inc has been approved by shareholders at its general meeting. While in the same Quarter Previous year, the Actual EPS was $0.58.
Price/Earnings to growth ratio for the company is 2.89 and the stock shows its Price/Sales (ttm) of 7.4 and Price/Book for the most recent quarter of 4.27. Guardian Life Insurance Co. of America raised its position in Reynolds American by 0.7% in the first quarter. (NYSE:RAI), with 1 analysts believing it is a strong buy. Creative Planning increased its position in shares of Reynolds American by 4.5% in the first quarter. American International Group Inc. now owns 9,262,283 shares of the company's stock valued at $583,709,000 after buying an additional 112,610 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in Reynolds American by 0.6% in the first quarter. After this sale, 29,627 common shares of RAI are directly owned by the insider, with total stake valued at $1,925,755. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Reynolds American by 3.2% in the first quarter.
On October 21 the company was upgraded to "Buy" from "Hold" by Berenberg. Institutional investors own 46.26% of the company's stock.
Shares of Reynolds American Inc (RAI) opened at 65.00 on Wednesday.
The company is now up by 0.69% since yesterday's close of $65.01. The stock has a market capitalization of $92.74 billion, a P/E ratio of 28.20 and a beta of 0.41.
Reynolds American Inc (NYSE:RAI) now has a trailing P/E of 28.2 while its forward P/E according to Thomson Reuters is 23.72. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The firm's revenue was up 1.1% on a year-over-year basis. The company beat the analyst EPS Estimate with the difference of $-0.03.
EVP - Operations of RJRT, Hawley Nancy H., sold 5,586 common shares of Reynolds American Inc. Investors of record on Monday, June 12th were paid a $0.51 dividend. The ex-dividend date was Thursday the 8th of June 2017.
Presently DaVita Inc. (NYSE:DVA) stock have an ABR of 2.63. Reynolds American's payout ratio is 88.31%.
Reynolds American (NYSE:RAI) last posted its quarterly earnings data on Wednesday, May 3rd. If you are reading this news story on another domain, it was stolen and republished in violation of United States and global copyright & trademark laws. The legal version of this report can be read at https://stocknewstimes.com/2017/07/19/grassi-investment-management-has-7590000-position-in-reynolds-american-inc-nyserai.html. Piper Jaffray Companies began coverage on Reynolds American in a research note on Thursday, May 25th. They set a "neutral" rating and a $67.00 target price on the stock. BidaskClub downgraded Reynolds American from a "buy" rating to a "hold" rating in a research report on Tuesday, June 27th.
The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 9.03% and has a pretty decent Year to Date (YTD) Performance of 15.99% which means the stock is constantly adding to its value from previous fiscal year end price.
The Target Price for Reynolds American Inc (NYSE:RAI) is $62.86/share according to the consensus analysis of analysts working on the stock. Vanguard Group Inc owns $3.8 billion in Reynolds American Inc., which represents roughly 4.15% of the company's market cap and approximately 8.84% of the institutional ownership. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company now has an average rating of "Hold" and an average target price of $59.82.
By having an overview of the Income statement for Reynolds American Inc (NYSE:RAI) the Revenue for the trailing twelve months is 12.54 Billion.
