Reynolds American (RAI) is Upgraded by CLSA to Outperform

Reynolds American (RAI) was Upgraded by CLSA to ” Outperform”. Earlier the firm had a rating of “Underperform ” on the company shares. CLSA advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on Reynolds American. Berenberg Initiated Reynolds American on Jun 14, 2016 to “Hold”, Price Target of the shares are set at $54.

On the company’s financial health, Reynolds American reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $3195.00 million for the quarter, compared to analysts expectations of $3259.13 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Reynolds American (RAI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $48.88 and reached the intraday high at $49.29. The bulls started the profit booking and pushed the shares to intraday low of $48.77. The trading session was marked by a volume range of 38,95,697 shares exchanging hands. The 52-week high of the shares is $54.48 and the 52-week low is $35.695. The market cap of the company stands at $69,826 M and there are 1,42,73,41,200 shares in public circulation.

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, Nancy H. Hawley (EVP – Operations of RJRT) sold 6,817 shares at $51.59 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 Company’s 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.

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