Stock News :Reynolds American Inc. (NYSE:RAI) ranked among top 5 tobacco companies

Reynolds American Inc. shares are currently priced at $57.01 in Market trading today, which is about 1.38 % less than yesterday’s trading price. The company shares have 52 week high of $58.60 and 52 week low of $36.35. The company has 50 day moving average of $55.14 and 200 day moving average of $52.28. The sustenance and resistance levels of the company are $57.25 and $58.82 respectively. The company has a market capitalization of 16.62 billion and the average volume seen for the stock is 1,530,000 shares. According to a news, the company was ranked among top five in tobacco industry with an debt/asset ratio of around 0.27. Alliance One international leads with a ratio of 0.58.

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According to analysts, the break-even price of the stock is estimated to be $ 53.62 and S&P has given a positive buy rating for the stock. the current annual dividend yield of the company is around 6.37%.  A volume spike was also seen for the company in yesterday’s trading with 2.3 million trades  as against its 30 day average of 1.4 million.

Reynolds Group onm Tuesday had announced that it planned on buying Pactiv Corp’s Hefty brand in a deal of $ 6 billion. The company cited the reasons as bringing the two brands : competitive food packaging and the tobacco products together which would help it gain a competitive edge in the market. A number of private equity firms were in the line for buying Pactiv’s Hefty brand which increased the selling price of the share to be around $35. Reynolds plans to complete this buyout by taking $ 5 billion in debt.

Reynolds American Inc is a holding company. The Company’s wholly owned subsidiaries include R. J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., Lane, Limited (Lane), Conwood Holdings Inc., and American Snuff Company, LLC and Rosswil LLC, collectively referred to as the Conwood companies. The Company operates through two business segments. The RJR Tobacco segment consists of the primary operations of R. J. Reynolds Tobacco Company.

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