Brokers Set Expectations for British American Tobacco PLC’s FY2017 Earnings (NYSE:BTI)

British American Tobacco PLC (NYSE:BTI) – Research analysts at Jefferies Group lifted their FY2017 earnings estimates for British American Tobacco in a research report issued on Friday, according to Zacks Investment Research. Jefferies Group analyst O. Bennett now forecasts that the company will post earnings of $3.90 per share for the year, up from their prior forecast of $3.75. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for British American Tobacco’s FY2018 earnings at $4.24 EPS, FY2019 earnings at $4.69 EPS and FY2020 earnings at $4.82 EPS.

Separately, Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.00.

British American Tobacco (NYSE:BTI) traded up $0.80 during trading on Monday, reaching $62.30. 1,581,786 shares of the company were exchanged, compared to its average volume of 1,766,009. British American Tobacco has a 52-week low of $60.15 and a 52-week high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

The firm also recently disclosed a None dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th were paid a dividend of $0.581 per share. The ex-dividend date was Thursday, December 28th. This represents a yield of 1.73%.

Several hedge funds and other institutional investors have recently bought and sold shares of BTI. Ameriprise Financial Inc. lifted its position in shares of British American Tobacco by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 153,110 shares of the company’s stock worth $10,498,000 after purchasing an additional 6,368 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of British American Tobacco by 12.3% during the second quarter. PNC Financial Services Group Inc. now owns 24,715 shares of the company’s stock worth $1,693,000 after purchasing an additional 2,709 shares in the last quarter. Northern Trust Corp lifted its position in shares of British American Tobacco by 0.3% during the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock worth $143,197,000 after purchasing an additional 7,233 shares in the last quarter. MML Investors Services LLC lifted its position in shares of British American Tobacco by 7.5% during the second quarter. MML Investors Services LLC now owns 3,809 shares of the company’s stock worth $261,000 after purchasing an additional 267 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of British American Tobacco by 10.2% during the second quarter. M&T Bank Corp now owns 67,148 shares of the company’s stock worth $4,603,000 after purchasing an additional 6,229 shares in the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Brokers Set Expectations for British American Tobacco PLC’s FY2017 Earnings (NYSE:BTI)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/02/14/fy2017-earnings-estimate-for-british-american-tobacco-plc-bti-issued-by-jefferies-group.html.

About British American Tobacco

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Get a free copy of the Zacks research report on British American Tobacco (BTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply