Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI to webcast London presentation May 16

[PR Newswire] – WINSTON-SALEM, N.C., May 9, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “RAI to webcast London presentation May 16.” Go to RAI’s website, www.reynoldsamerican.com … Read more on this. Reynolds American Inc. (RAI) , with a current market cap of $71.13B, began trading this morning at $49.89. During today’s session, RAI traded between $49.69 to $49.98 and has traded between $35.39 and $52.54 over the past 12 months. Priced at 21.22x this year’s forecasted earnings, RAI shares are relatively expensive compared to the industry’s 17.86x forward p/e ratio. The company pays shareholders $1.68 per share annually in dividends, yielding 3.37%. 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 predicated on a consensus revenue forecast of $3.26 Billion. If reported, 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. When considering if the stock is under or overvalued, the average price target is $55.50, which is 11.24% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Market Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI CEO reports ‘a transformational 2015’ 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