British American Tobacco p.l.c. (BTI) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts are generally bullish on British American Tobacco, with 12 buy, 2 hold and 1 sell rating, resulting in a “Moderate Buy” consensus. The average 12-month price target is $68.10.
• BTI opened at $60.15 and has traded between $50.84 and $67.30 over the past year, remaining above its 50-day moving average of $56.08 and near its 200-day average of $58.98.
• The company’s latest quarterly results fell short of expectations, reporting $1.11 in EPS versus the $2.21 consensus and revenue of $8.10 billion versus $16.42 billion expected. Institutional investors own 16.16% of the stock.

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $68.10.

A number of brokerages have recently weighed in on BTI. UBS Group reissued a "buy" rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. BTIG Research began coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They issued a "buy" rating for the company. SBG Securities raised British American Tobacco to a "buy" rating in a research note on Friday, August 7th. Morningstar raised British American Tobacco to a "buy" rating in a research note on Thursday, September 10th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $68.10 target price on shares of British American Tobacco in a report on Monday, September 7th.

British American Tobacco Stock Performance

British American Tobacco stock opened at $60.15 on Tuesday. The company's 50 day simple moving average is $56.08 and its 200 day simple moving average is $58.98. British American Tobacco has a fifty-two week low of $50.84 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50.

British American Tobacco (NYSE:BTI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($1.10). The company had revenue of $8.10 billion for the quarter, compared to analysts' expectations of $16.42 billion. As a group, equities analysts anticipate that British American Tobacco will post 4.81 EPS for the current fiscal year.

Hedge Funds Weigh In On British American Tobacco

Several institutional investors have recently modified their holdings of BTI. Oppenheimer & Co. Inc. increased its position in shares of British American Tobacco by 9.0% during the third quarter. Oppenheimer & Co. Inc. now owns 32,256 shares of the company's stock worth $1,755,000 after acquiring an additional 2,670 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of British American Tobacco by 1.4% during the third quarter. Verdence Capital Advisors LLC now owns 32,073 shares of the company's stock worth $1,745,000 after acquiring an additional 451 shares during the period. Apollon Wealth Management LLC lifted its position in British American Tobacco by 20.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,038 shares of the company's stock valued at $709,000 after acquiring an additional 2,170 shares in the last quarter. Access Investment Management LLC lifted its position in British American Tobacco by 18.7% in the 3rd quarter. Access Investment Management LLC now owns 23,459 shares of the company's stock valued at $1,276,000 after acquiring an additional 3,690 shares in the last quarter. Finally, Hilton Head Capital Partners LLC boosted its stake in British American Tobacco by 5.0% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 17,972 shares of the company's stock worth $978,000 after purchasing an additional 850 shares during the period. Institutional investors own 16.16% of the company's stock.

About British American Tobacco

British American Tobacco p.l.c. NYSE: BTI is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.

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