Company Update (NYSE:RAI): Advisory: RAI board elects Jerome Abelman

[PR Newswire] – WINSTON-SALEM, N.C., Feb. 4, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “RAI board elects Jerome Abelman as successor to John Daly.” Go to RAI’s … Read more on this. Reynolds American Inc. (RAI) , valued at $67.20B, began trading this morning at $47.50. During the trading session, RAI traded between $46.58 to $48.00 and has traded between $33.71 and $50.42 over the past year. RAI shares are currently priced at 25.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 23.73x earnings multiple. The company pays shareholders $1.44 per share annually in dividends, yielding 2.88%. 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. In looking at the bigger picture, the full-year EPS estimate of $1.99 would be a $0.28 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.04 Billion. If reported, that would be a 42.72% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded RAI from Top Pick to Outperform (Nov 3, 2015). Previously, Credit Agricole downgraded RAI from Outperform to Underperform. The average price target for RAI shares by the analysts covering the stock is $53.50, which is 12.63% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Market Update (NYSE:RAI): Advisory: RAI board member Daly resigns Company Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI to host 3Q15 earnings conference call Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces executive changes at RAI and R.J. Reynolds Tobacco Company