Reynolds American, Inc. (RAI) Receives Consensus Rating of “Hold” from Analysts

Shares of Reynolds American, Inc. (NYSE:RAI) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $59.82.

RAI has been the topic of several recent analyst reports. BidaskClub lowered Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. Cowen and Company reissued a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Piper Jaffray Companies initiated coverage on Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Zacks Investment Research lowered Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd.

Shares of Reynolds American (RAI) opened at 65.40 on Friday. The company’s 50-day moving average price is $65.25 and its 200-day moving average price is $64.00. Reynolds American has a 1-year low of $43.38 and a 1-year high of $67.81.

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A number of large investors have recently made changes to their positions in RAI. Gulf International Bank UK Ltd increased its stake in shares of Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock valued at $1,109,000 after buying an additional 3,500 shares during the period. Atria Investments LLC increased its stake in shares of Reynolds American by 39.0% in the first quarter. Atria Investments LLC now owns 5,345 shares of the company’s stock valued at $337,000 after buying an additional 1,500 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Reynolds American by 0.5% in the first quarter. Nisa Investment Advisors LLC now owns 331,419 shares of the company’s stock valued at $20,884,000 after buying an additional 1,665 shares during the period. Quantitative Systematic Strategies LLC increased its stake in shares of Reynolds American by 48.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 30,184 shares of the company’s stock valued at $1,902,000 after buying an additional 9,895 shares during the period. Finally, Trust Department MB Financial Bank N A increased its stake in shares of Reynolds American by 0.5% in the first quarter. Trust Department MB Financial Bank N A now owns 14,475 shares of the company’s stock valued at $912,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 46.34% of the company’s stock.

About Reynolds American

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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