Today’s Market Runner: Could Reynolds American, Inc. Decline After Today’s Significant Increase?

Today's Market Runner: Could Reynolds American, Inc. Decline After Today's Significant Increase?

The stock of Reynolds American, Inc. (NYSE:RAI) is a huge mover today! About 1.57M shares traded hands. Reynolds American, Inc. (NYSE:RAI) has risen 4.09% since April 11, 2016 and is uptrending. It has underperformed by 2.05% the S&P500.
The move comes after 8 months positive chart setup for the $73.68 billion company. It was reported on Nov, 11 by Barchart.com. We have $78.12 PT which if reached, will make NYSE:RAI worth $33.89B more.

Reynolds American, Inc. (NYSE:RAI) Ratings Coverage

Out of 13 analysts covering Reynolds American Inc. (NYSE:RAI), 8 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 62% are positive. Reynolds American Inc. has been the topic of 24 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, June 14 by Berenberg. The firm earned “Underperform” rating on Wednesday, October 21 by CLSA. The rating was initiated by Jefferies on Wednesday, September 21 with “Buy”. The stock of Reynolds American, Inc. (NYSE:RAI) has “Underperform” rating given on Wednesday, October 21 by Credit Agricole. Zacks upgraded it to “Buy” rating and $48 target price in Thursday, September 17 report. The firm earned “Buy” rating on Friday, August 21 by Zacks. The stock has “Buy” rating given by Zacks on Friday, August 14. The firm has “Equal-Weight” rating given on Wednesday, October 28 by Morgan Stanley. The company was downgraded on Tuesday, November 3 by RBC Capital Markets. The stock of Reynolds American, Inc. (NYSE:RAI) has “Buy” rating given on Tuesday, September 13 by Citigroup.

According to Zacks Investment Research, “Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J. Reynolds Tobacco Company, the second- largest U.S. tobacco company, manufactures about one of every three cigarettes sold in the United States, including five of the nation’s 10 best-selling brands: Camel, Winston, KOOL, Salem and Doral. Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.08, from 1.07 in 2016Q1. The ratio improved, as 44 funds sold all Reynolds American, Inc. shares owned while 247 reduced positions. 55 funds bought stakes while 280 increased positions. They now own 644.47 million shares or 0.10% more from 643.79 million shares in 2016Q1.
The Illinois-based Deere And Communications has invested 0.15% in Reynolds American, Inc. (NYSE:RAI). Quantitative Systematic Strategies Ltd Co holds 0.09% of its portfolio in Reynolds American, Inc. (NYSE:RAI) for 3,783 shares. Alpha Windward Limited Liability Corporation holds 0.05% of its portfolio in Reynolds American, Inc. (NYSE:RAI) for 1,351 shares. Altavista Wealth Management holds 0.12% of its portfolio in Reynolds American, Inc. (NYSE:RAI) for 4,105 shares. Trust Co Of Vermont accumulated 9,507 shares or 0.07% of the stock. Tocqueville Asset Mngmt Limited Partnership has invested 0% of its portfolio in Reynolds American, Inc. (NYSE:RAI). The Texas-based Dimensional Fund Advsr L P has invested 0.07% in Reynolds American, Inc. (NYSE:RAI). Argent Tru, a Texas-based fund reported 10,147 shares. Gerstein Fisher accumulated 0.21% or 30,066 shares. Buckingham Asset Management Ltd Company has 0.08% invested in the company for 4,165 shares. Firstmerit Bank & Trust N A Trustee last reported 0.02% of its portfolio in the stock. Mizuho Tru & accumulated 1.39M shares or 0.23% of the stock. Spinnaker has 66,875 shares for 0.5% of their US portfolio. Bokf Na has 60,965 shares for 0.12% of their US portfolio. Investec Asset Management accumulated 0.39% or 1.40 million shares.

Insider Transactions: Since September 28, 2016, the stock had 0 insider purchases, and 2 selling transactions for $32.31 million net activity. Crew Debra Ann also sold $589,964 worth of Reynolds American, Inc. (NYSE:RAI) on Wednesday, October 26. British American Tobacco p.l.c. sold $31.72M worth of stock or 660,385 shares.

More notable recent Reynolds American, Inc. (NYSE:RAI) news were published by: Forbes.com which released: “Reynolds American Reaches Analyst Target Price” on November 09, 2016, also Foxbusiness.com with their article: “Why Reynolds American, Inc. Stock Jumped 17% in October” published on November 06, 2016, Journalnow.com published: “Reynolds American Inc. picks advisers to review offer” on October 31, 2016. More interesting news about Reynolds American, Inc. (NYSE:RAI) were released by: Fool.com and their article: “5 Great Reasons to Buy Reynolds American Inc.” published on October 21, 2016 as well as Wsj.com‘s news article titled: “Reynolds American CEO to Leave Role at Year’s End” with publication date: October 19, 2016.

RAI Company Profile

Reynolds American Inc. (RAI), incorporated on January 2, 2004, is a holding company. The Company’s divisions are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary activities of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic activities of Santa Fe Natural Tobacco Company, Inc. (SFNTC). The American Snuff segment consists of the primary activities of American Snuff Company, LLC (American Snuff Co.). The Company’s operating subsidiaries include R. J. Reynolds Tobacco Company, SFNTC, American Snuff Co., R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.

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