Does $64.21 justifies Reynolds American Inc. (RAI) shares?

Finally, Citigroup Inc cut shares of Reynolds American from a "buy" rating to a "neutral" rating and lifted their target price for the company from $57.00 to $60.00 in a research note on Wednesday, January 18th. (NYSE:RAI) will report $3.04 billion in sales for the current fiscal quarter, according to Zacks. NC's holdings in Reynolds American were worth $716,000 as of its most recent filing with the SEC.

Receive Reynolds American Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc with MarketBeat.com's FREE daily email newsletter. State of New Jersey Common Pension Fund D raised its stake in Reynolds American by 5.7% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,312 shares of the company's stock valued at $109,000 after buying an additional 543 shares during the period. Parallel Advisors LLC purchased a new stake in shares of Reynolds American during the fourth quarter valued at approximately $142,000. Finally, SRB Corp boosted its stake in Reynolds American by 10.4% in the third quarter.

Want to see what other hedge funds are holding RAI? 4204541 shares were traded on Reynolds American Inc's last session. The stock's price moved up its 200-day moving average of $56.63.

Reynolds American Inc. (RAI) has a market capitalization of 91.39 Billion. On average, equities analysts predict that Reynolds American Inc will post $2.57 EPS for the current year.

Shares of Reynolds American, Inc. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.02.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.

Reynolds American Inc. (RAI) is now showing its ROA (Return on Assets) of 11.6%. The company's quarterly revenue was up 4.3% compared to the same quarter previous year. For the past 5 years, the company's revenue has grown -2.1%, while the company's earnings per share has grown -26.9%.

Several sell side analysts reviewed their recommendations on Reynolds American Inc. Shareholders of record on Friday, March 10th were given a $0.51 dividend.

April 18, 2017 Southern Company said it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.32 per share.

02/13/2017 - Reynolds American Inc was downgraded to " by analysts at RBC Capital. The ex-dividend date is Wednesday, March 8th.

Reynolds American Inc.'s short ratio is at 1.66 and the float short is at 1.35%.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another domain, it was copied illegally and reposted in violation of USA and global trademark and copyright laws. The share price is trading in a range of $29.55 - 29.80.

RAI has been the topic of a number of analyst reports. The institutional investor owned 11,358 shares of the company's stock after selling 92,298 shares during the period. Reynolds American has an average rating of "Hold" and a consensus target price of $57.29. Also, EVP Nancy H. Hawley sold 5,586 shares of the company's stock in a transaction on Monday, March 13th. The stock was sold at an average price of $61.21, for a total value of $3,307,176.30. The shares were sold at an average price of $60.68, for a total transaction of $338,958.48.

"Our dividend and overall shareholder value proposition are supported by an outstanding portfolio of state-regulated electric and gas utilities", said Southern Company Chairman, President and CEO Thomas A. Fanning. The disclosure for this sale can be found here. The company has dropped -14.78% in past 3 months and in the last five trades has moved down -1.83%. The average volume of a stock suggests the liquidity of a particular company.

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