British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $62.00.
Several brokerages have commented on BTI. BTIG Research assumed coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They set a “buy” rating for the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research note on Monday, August 31st.
View Our Latest Stock Analysis on BTI
British American Tobacco Stock Up 0.0%
British American Tobacco (NYSE:BTI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $16.42 billion. As a group, sell-side analysts predict that British American Tobacco will post 4.86 earnings per share for the current year.
Institutional Trading of British American Tobacco
Hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in shares of British American Tobacco by 0.5% during the fourth quarter. Capital International Investors now owns 64,389,481 shares of the company’s stock worth $3,645,500,000 after buying an additional 332,062 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of British American Tobacco by 1.2% during the 4th quarter. Capital Research Global Investors now owns 22,333,402 shares of the company’s stock valued at $1,264,512,000 after acquiring an additional 264,511 shares in the last quarter. Orbis Allan Gray Ltd grew its position in British American Tobacco by 20.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock worth $686,473,000 after acquiring an additional 2,482,737 shares during the last quarter. Bank of America Corp DE increased its holdings in British American Tobacco by 34.4% in the 1st quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock worth $569,313,000 after purchasing an additional 2,494,576 shares in the last quarter. Finally, Capital World Investors raised its position in British American Tobacco by 0.5% in the fourth quarter. Capital World Investors now owns 9,518,567 shares of the company’s stock valued at $538,935,000 after purchasing an additional 47,858 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.
British American Tobacco Company Profile
British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.
BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.
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