British American Tobacco (BTI) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $75.00 target price on the stock.
According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “
A number of other research firms have also issued reports on BTI. Cowen raised British American Tobacco from a market perform rating to an outperform rating in a report on Tuesday, September 26th. Goldman Sachs Group raised British American Tobacco from a neutral rating to a buy rating in a report on Monday, October 9th. Finally, Jefferies Group set a $78.00 target price on British American Tobacco and gave the company a buy rating in a report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $77.33.
Shares of British American Tobacco (NYSE:BTI) opened at $67.29 on Wednesday. The stock has a market capitalization of $155,010.00, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.01. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91. British American Tobacco has a fifty-two week low of $56.16 and a fifty-two week high of $73.41.
The company also recently disclosed a None dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.581 per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th. British American Tobacco’s payout ratio is presently 91.56%.
Several large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of British American Tobacco by 14.7% during the 2nd quarter. FMR LLC now owns 27,727,365 shares of the company’s stock worth $1,900,434,000 after purchasing an additional 3,557,549 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of British American Tobacco by 16.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after purchasing an additional 2,181,462 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of British American Tobacco by 1,509.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after purchasing an additional 7,533,669 shares in the last quarter. Evercore Trust Company N.A. acquired a new stake in shares of British American Tobacco during the 3rd quarter worth approximately $331,037,000. Finally, Thornburg Investment Management Inc. acquired a new stake in shares of British American Tobacco during the 3rd quarter worth approximately $183,498,000. 9.31% of the stock is currently owned by institutional investors.
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British American Tobacco Company Profile
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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