Stock Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI launches new online sustainability report

[PR Newswire] – WINSTON-SALEM, N.C., May 3, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “Reynolds American launches new online sustainability report.” Go to RAI’s website, … Read more on this. Reynolds American Inc. (RAI) , currently valued at $70.91B, began trading this morning at $49.56. Today, shares have traded between $49.17 and $49.92 per share with a one year range of $35.39 to $52.54. RAI shares are currently priced at 21.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.86x earnings multiple for the same period. The company pays shareholders $1.68 per share annually in dividends, yielding 3.39%. Consensus earnings for the current quarter by the 9 sell-side analysts covering the stock is an estimate of $0.61 per share, which would be $0.10 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $2.35 is a $0.37 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 $3.26 Billion. If realized, that would be a 35.83% 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. With the above information in mind, readers should note that the average price target is $55.50, which is 11.99% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Stock Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI delivers exceptional 1Q16 performance Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI completes sale of Natural American Spirit international businesses Stock Update (NYSE:RAI): Advisory: Reynolds American Inc. announces expiration of registered Exchange Offers