Market Update (NYSE:RAI): Advisory: RAI issues results of shareholder meeting; Announces quarterly dividend

[PR Newswire] – WINSTON-SALEM, N.C., May 5, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “RAI issues results of 2016 shareholders’ meeting; Announces quarterly cash dividend.” … Read more on this. Reynolds American Inc. (RAI) , valued at $70.55B, opened at $49.41. Looking at today’s market, RAI one day range is $49.28 to $49.87 with a trailing 52-week range being $35.39 to $52.54. Reynolds (RAI) shares are currently priced at 21.05x 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 3.40%. 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 better 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. More recently, RBC Capital Mkts downgraded RAI from Top Pick to Outperform (Nov 3, 2015). Previously, Credit Agricole downgraded RAI from Outperform to Underperform. When considering if the stock is under or overvalued, the average price target is $55.50, which is 12.33% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI announces final results and expiration of its cash tender offer 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