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.
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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).
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