Reynolds American (RAI) was Initiated by Berenberg to “Hold” and the brokerage firm has set the Price Target at $54. Berenberg advised their investors in a research report released on Jun 14, 2016.
On the company’s financial health, Reynolds American reported $0.50 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $2917.00 million for the quarter, compared to analysts expectations of $2936.11 million. The company’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Reynolds American opened for trading at $50.8 and hit $51.25 on the upside on Friday, eventually ending the session at $51.14, with a gain of 0.16% or 0.08 points. The heightened volatility saw the trading volume jump to 40,86,306 shares. Company has a market cap of $72,994 M.
In a different news, on May 9, 2016, Susan M. Cameron (President and CEO) sold 105,766 shares at $49.88 per share price. According to the SEC, on May 9, 2016, Thomas C Wajnert (director) sold 5,000 shares at $49.82 per share price. On Mar 15, 2016, Daniel A Fawley (SVP & Treasurer) sold 16,577 shares at $51.57 per share price, according to the Form-4 filing with the securities and exchange commission.
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.