Reynolds American Inc (NYSE:RAI) received a $60.00 price objective from analysts at Jefferies Group LLC in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would suggest a potential downside of 8.06% from the stock’s current price.

RAI has been the subject of several other reports. BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research note on Monday, June 12th. Piper Jaffray Companies assumed coverage on Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Cowen and Company reiterated a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. Two equities 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 assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $59.82.

Reynolds American (NYSE RAI) traded down 0.46% during midday trading on Monday, hitting $65.26. The company’s stock had a trading volume of 6,883,006 shares. The company’s 50-day moving average is $66.20 and its 200 day moving average is $62.00. The company has a market cap of $93.11 billion, a price-to-earnings ratio of 28.31 and a beta of 0.41. Reynolds American has a one year low of $43.38 and a one year high of $67.81.

Reynolds American (NYSE:RAI) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. Reynolds American had a return on equity of 15.64% and a net margin of 26.23%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that Reynolds American will post $2.54 EPS for the current year.

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Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Reynolds American by 3,610.0% in the first quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after buying an additional 44,958,351 shares during the period. Renaissance Technologies LLC raised its stake in shares of Reynolds American by 48,701.2% in the first quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock valued at $347,526,000 after buying an additional 5,503,235 shares during the period. Pentwater Capital Management LP bought a new stake in shares of Reynolds American during the first quarter valued at about $321,455,000. Bank of New York Mellon Corp raised its stake in shares of Reynolds American by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock valued at $1,371,026,000 after buying an additional 3,799,305 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Reynolds American by 183.7% in the first quarter. Bank of Montreal Can now owns 3,872,377 shares of the company’s stock valued at $244,037,000 after buying an additional 2,507,421 shares during the period. 46.26% of the stock is currently owned by institutional investors.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

Analyst Recommendations for Reynolds American (NYSE:RAI)

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