Shares of Reynolds American Inc (NYSE:RAI) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $59.82.
RAI has been the subject of a number of research reports. BidaskClub downgraded Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Piper Jaffray Companies initiated coverage on Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. Finally, Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a report on Monday, July 17th.
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Reynolds American (NYSE:RAI) opened at 65.40 on Monday. Reynolds American has a 1-year low of $43.38 and a 1-year high of $67.81. The stock’s 50 day moving average price is $65.27 and its 200 day moving average price is $63.80.
Several large investors have recently added to or reduced their stakes in the stock. BT Investment Management Ltd purchased a new stake in Reynolds American during the second quarter valued at approximately $4,302,000. Amalgamated Bank boosted its stake in Reynolds American by 58.8% in the second quarter. Amalgamated Bank now owns 94,076 shares of the company’s stock valued at $6,119,000 after buying an additional 34,816 shares during the period. BlackRock Inc. boosted its stake in Reynolds American by 10.1% in the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock valued at $3,308,096,000 after buying an additional 4,658,748 shares during the period. Norinchukin Bank The boosted its stake in Reynolds American by 6.9% in the second quarter. Norinchukin Bank The now owns 57,425 shares of the company’s stock valued at $3,735,000 after buying an additional 3,683 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Reynolds American by 3.4% in the second quarter. Teachers Advisors LLC now owns 1,281,824 shares of the company’s stock valued at $83,370,000 after buying an additional 41,793 shares during the period. 46.34% of the stock is 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.
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