Reynolds American Inc (NYSE:RAI) stock has received a short term price target of $ 53.17 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.31. The higher estimate of target price is $57 , while the lower price target estimate is $48
Many analysts have stated their opinion on the company shares. Goldman Sachs downgrades its view on Reynolds American Inc (NYSE:RAI) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Conviction Buy. Goldman Sachs maintains the current price target of $54 per share on Reynolds American Inc. The rating by the firm was issued on March 16, 2016.
Reynolds American Inc (NYSE:RAI) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.6 points or 1.18% at $50.14 with 3,739,607 shares getting traded. Post opening the session at $50.7, the shares hit an intraday low of $50.05 and an intraday high of $50.78 and the price was in this range throughout the day. The company has a market cap of $71,567 million and the number of outstanding shares have been calculated to be 1,427,341,300 shares. The 52-week high of Reynolds American Inc (NYSE:RAI) is $52.54 and the 52-week low is $33.71.
Reynolds American Inc (NYSE:RAI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 8 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Reynolds American Inc. has dropped 1.57% in the last five trading days, however, the shares have posted positive gains of 1.47% in the last 4 weeks. Reynolds American Inc. is up 13.09% in the last 3-month period. Year-to-Date the stock performance stands at 9.53%.
Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Fawley Daniel A, officer (SVP & Treasurer) of Reynolds American Inc, had unloaded 16,577 shares at an average price of $51.57 in a transaction dated on March 11, 2016. The total value of the transaction was worth $854,876.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.