Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces expiration of registered Exchange Offers

[PR Newswire] – WINSTON-SALEM, N.C., Dec. 18, 2015 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “Reynolds American Inc. announces expiration of registered Exchange Offers.” … Read more on this. Reynolds American Inc. (RAI) , with a current value of $63.88B, opened at $45.36. During today’s session, RAI traded between $44.70 to $45.42 and has traded between $31.35 and $49.56 over the past 12 months. Reynolds (RAI) shares are currently priced at 22.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.22x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 3.20%. According to a consensus of 9 analysts, the earnings estimate of $0.50 per share would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $1.99, which would be a $0.28 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.03 Billion. If realized, that would be a 42.25% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts upgraded RAI from Outperform to Top Pick (Jul 28, 2014). Previously, RBC Capital Mkts upgraded RAI from Sector Perform to Outperform. Investors should keep in mind is that the average price target is $50.88, which is 12.17% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces executive changes at RAI and R.J. Reynolds Tobacco Company Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces expiration and final results of private exchange offers for Lorillard Tobacco Notes Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: Reynolds American Inc. announces receipt of requisite consents to amend Lorillard Tobacco indenture, early results of private exchange offers for Lorillard Tobacco Notes and extension of consent payment deadline