Reynolds American by BidnessEtc

Reynolds American - BidnessEtc

Reynolds American Inc. (RAI) is the second largest Tobacco Company in the United States. Some of the famous Brands that come under the Name include Camel and Pall Mall, which are amongst the top selling cigarettes in the US. Under Reynolds come its subsidiaries that include American Snuff Company, Santa Fe Natural Tobacco Company, Niconovum USA Inc., and R.J. Reynolds Vapor Company.

Reynolds Tobacco is also a subsidiary of Reynolds American Inc and the parent company Of American Snuff Company, Niconovum USA Inc., Santa Fe Natural Tobacco Company. It holds a market share of 27% of US cigarette sales.

RAI recently announced that it might buy the Cigarette giant Lorillard. It might bid the giant for $20 billion. Reynolds American revenues increased 1% (YoY) due to higher average selling prices but cigarette sales have fallen sharply as health conscious consumers prefer electronic cigarette these days.

Reynolds American stocks are trading at $53.58 as of 25 March. The share price according to analysts is expected to reach a consensus estimate of $52 in the upcoming 12 months. Majority of the Analysts rate the company’s stock as a hold. For the last 3 years, the company has shown a growth in EPS.