NEW YORK (

TheStreet

) --

Reynolds American

(NYSE:

RAI

) hit a new 52-week high Wednesday as it is currently trading at $36.79, above its previous 52-week high of $36.73 with 215,111 shares traded as of 10:12 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Reynolds American has a market cap of $21.1 billion and is part of the

consumer goods

sector and

tobacco

industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.

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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 15.3, below the average tobacco industry P/E ratio of 19 and below the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Reynolds American as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Reynolds American Ratings Report

.

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