British American Tobacco p.l.c. (NYSE:BTI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of British American Tobacco p.l.c. (NYSE:BTI) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $68.10.

BTI has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $68.10 target price on shares of British American Tobacco in a research report on Monday, September 7th. BTIG Research assumed coverage on shares of British American Tobacco in a research note on Tuesday, July 21st. They set a “buy” rating for the company. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of British American Tobacco in a report on Tuesday, August 11th.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $55.45 on Friday. The company has a 50 day moving average of $56.11 and a 200-day moving average of $58.92. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco has a twelve month low of $49.88 and a twelve month high of $67.30.

British American Tobacco (NYSE:BTI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($1.10). The firm had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $16.42 billion. On average, research analysts expect that British American Tobacco will post 4.81 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. increased its position in British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after purchasing an additional 416 shares during the last quarter. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $26,000. SHP Wealth Management acquired a new position in British American Tobacco in the fourth quarter worth approximately $35,000. Community Bank N.A. bought a new position in British American Tobacco during the second quarter valued at approximately $55,000. Finally, Main Street Group LTD acquired a new stake in British American Tobacco in the first quarter valued at approximately $76,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Company Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.