Reynolds American (RAI) is Downgraded by Goldman to Neutral

Reynolds American (RAI) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Sep 12, 2016.

Many Wall Street Analysts have commented on Reynolds American. Reynolds American was Downgraded by Goldman to ” Neutral” on Sep 12, 2016. UBS Initiated Reynolds American on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $52.Reynolds American was Upgraded by CLSA to ” Outperform” on Aug 8, 2016.

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 closed down -0.13 points or -0.25% at $50.86 with 3,506,618 shares getting traded on Wednesday. Post opening the session at $50.96, the shares hit an intraday low of $50.58 and an intraday high of $50.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Reynolds American

Leave a Reply

Reynolds American - Is it time to Sell?

Top Brokerage Firms are advising their investors on Reynolds American. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.