Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI announces final results and expiration of its cash tender offer

[PR Newswire] – WINSTON-SALEM, N.C., March 4, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “Reynolds American Inc. announces final results and expiration of its cash tender … Read more on this. Reynolds American Inc. (RAI) , valued at $73.65B, began trading this morning at $51.28. Shares have traded today between $50.84 and $51.76 per share and has traded between $33.71 and $51.76 over the past 12 months. Priced at 21.59x this year’s forecasted earnings, RAI shares are relatively expensive compared to the industry’s 18.37x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.68 per share annually in dividends, yielding 3.33%. Consensus earnings for the current quarter by the 8 sell-side analysts covering the stock is an estimate of $0.50 per share, which would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.34 is a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.91 Billion. If realized, that would be a 41.26% 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. The average price target for RAI shares by the analysts covering it is $54.13, which is 5.56% above where the stock opened. See more in (NYSE:RAI) Similar Articles: Market Update (NYSE:RAI): Advisory: RAI announces early results of cash tender offer Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces expiration of registered Exchange Offers Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces executive changes at RAI and R.J. Reynolds Tobacco Company