British American Tobacco PLC (NYSE:BTI) – Investment analysts at Piper Jaffray Companies decreased their FY2018 earnings per share estimates for British American Tobacco in a report issued on Monday, July 2nd. Piper Jaffray Companies analyst M. Lavery now forecasts that the company will earn $3.96 per share for the year, down from their previous estimate of $4.05. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for British American Tobacco’s FY2019 earnings at $4.12 EPS.
Separately, Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $79.00.
NYSE:BTI opened at $51.18 on Wednesday. British American Tobacco has a 12 month low of $48.00 and a 12 month high of $71.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.52. The firm has a market cap of $106.72 billion, a PE ratio of 13.91, a P/E/G ratio of 1.58 and a beta of 1.03.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new position in British American Tobacco in the fourth quarter valued at $114,000. Delpha Capital Management LLC purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $116,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of British American Tobacco during the fourth quarter worth about $141,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of British American Tobacco during the first quarter worth about $148,000. Finally, Perigon Wealth Management LLC increased its stake in shares of British American Tobacco by 101.8% during the first quarter. Perigon Wealth Management LLC now owns 2,789 shares of the company’s stock worth $163,000 after purchasing an additional 1,407 shares in the last quarter. 8.58% of the stock is owned by institutional investors.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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