Reynolds American Reaches New 52-Week High (RAI)

NEW YORK ( TheStreet) -- Reynolds American (NYSE: RAI) hit a new 52-week high Thursday as it is currently trading at $42.21, above its previous 52-week high of $42.18 with 1.2 million shares traded as of 2:15 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Reynolds American has a market cap of $23.15 billion and is part of the consumer goods sector and tobacco industry. Shares are up 1.2% year to date as of the close of trading on Wednesday.

Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company has a P/E ratio of 17.3, below the average tobacco industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Reynolds American as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Reynolds American Ratings Report.

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