Reynolds American Inc (RAI) : 10 analysts are covering Reynolds American Inc (RAI) and their average rating on the stock is 2, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Reynolds American Inc (RAI) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Reynolds American Inc (RAI) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $61 and the lowest price target forecast is $52. The average forecast of all the analysts is $55 and the expected standard deviation is $3.12.
Also, UBS initiates coverage on Reynolds American Inc (NYSE:RAI) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.
Reynolds American Inc (NYSE:RAI): After opening at $47.11, the stock dipped to an intraday low of $46.755 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.34 and the buying power remained strong till the end. The stock closed at $47.27 for the day, a gain of 0.13% for the day session. The total traded volume was 5,448,814. The stocks close on the previous trading day was $47.21.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.