Reynolds American Inc. (NYSE:RAI) stock is presently standing at about $55.36 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $55.00, which suggests the stock could still rise over -1 percent. The highest analyst price target is $62.00, which implies a rally of 88 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 3 rate RAI a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.
CLSA analysts provided their view on Reynolds American Inc. (NYSE:RAI) recently. The rating firm issued a Underperform rating to this company in a research note released on Oct 24, 2016. Berenberg analysts disclosed their opinion on Reynolds American Inc. (NYSE:RAI) recently. The rating firm gave a Buy rating to this stock in a research note published on Oct 21, 2016. According to a research note disclosed on Sep 12, 2016, analysts at Goldman have lowered their rating on these shares from Buy to Neutral.
Reynolds American Inc. (NYSE:RAI) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President & CEO-Elect Crew Debra Ann sold 10,818 company shares for $590000.01, in a transaction on 2016-10-26. Following the transaction, the President & CEO-Elect is left with a stake of 590.01 shares, currently valued at $32663. Meanwhile, 10% Owner British American Tobacco p.l.c sold 660,385 shares worth $31718000.29, through a transaction dated 2016-09-28. Following the completion of the transaction, the insider is left with a stake of 601,368,171 shares, amounting $33291741946.56. RAI President and CEO CAMERON SUSAN M. also sold 105,766 shares, at a stock price of $49.88. This transaction occurred on 2016-05-09 totals $5275000.61. After this transaction, the insider’s stake stands at 269,001 shares, with a market value of $14891895.
Executives hold 0.13 percent of the stock. Susan M. Cameron is one of the biggest insider owners in Reynolds American Inc. (NYSE:RAI), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 269,001 shares which have current market value of around $14891895.36.Daniel M. (Daan) Delen is another major inside shareholder in the company. The insider owns 181,771 shares as of less than 0.1%, currently worth $10062842.56. John J. Zillmer is ranked as third insider holder of the stock. This insider holds 106,000 shares with a market value around $5868160 as of recent close.
Reynolds American Inc. (NYSE:RAI) Earnings Outlook
In Reynolds American Inc. (NYSE:RAI)’s latest quarter, EPS moved to $0.61 from $0.58 in preceding quarter and revenues reached at $3,205.00M compared to $3,195.00M. Analysts had expected Reynolds American Inc. (NYSE:RAI) to post net income of about $0.64 per share on $3,307.93M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.63 to $0.68. That is compared with the $0.48 in EPS it reported during the same period a year ago.