Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI completes sale of Natural American Spirit international businesses

[PR Newswire] – WINSTON-SALEM, N.C., Jan. 13, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “Reynolds American completes sale of Natural American Spirit international businesses.” … Read more on this. Reynolds American Inc. (RAI) , currently valued at $67.73B, started trading this morning at $48.24. Shares have traded today between $47.29 and $48.88 per share with the price of the stock fluctuating between $32.67 to $49.56 over the last 52 weeks. Priced at 24.25x this year’s forecasted earnings, RAI shares are relatively expensive compared to the industry’s 23.70x forward p/e ratio. The company pays shareholders $1.44 per share annually in dividends, yielding 3.06%. 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. Investors should also note that the full-year EPS estimate of $1.99 is a $0.28 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.03 Billion. If reported, that would be a 42.25% increase over the year-ago quarter. Recently, RBC Capital Mkts downgraded RAI from Top Pick to Outperform (Nov 3, 2015). Previously, Credit Agricole downgraded RAI from Outperform to Underperform. Investors should keep in mind is that the average price target is $51.13, which is 5.99% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Company Update: Reynolds American Inc (NYSE:RAI) – Advisory: Reynolds American companies to consolidate manufacturing operations for VUSE Market Update (NYSE:RAI): Advisory: Reynolds American announces sale of Natural American Spirit international businesses to JT Group Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces executive changes at RAI and R.J. Reynolds Tobacco Company