Reynolds American Stock Hits New 52-Week High (RAI)

Source from:  The Street 03/02/2011

NEW YORK (TheStreet) -- Reynolds American (NYSE:RAI) hit a new 52-week high Tuesday as it traded at $34.85 compared with its previous 52-Week high of $34.67. Reynolds American is changing hands at $34.80 with 82,356 shares traded as of 9:36 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Reynolds American has a market cap of $19.8 billion and is part of the consumer goods sector and tobacco industry. Shares are up 5.2% year to date as of the close of trading on Monday. Reynolds American Inc. (RAI), through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company has a P/E ratio of 15, below the average tobacco industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 21.8. The Street Ratings rates Reynolds American as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Reynolds American Ratings Report. Enditem