Jefferies Financial Group Weighs in on British American Tobacco PLC’s FY2018 Earnings (BTI)

British American Tobacco PLC (NYSE:BTI) – Investment analysts at Jefferies Financial Group lifted their FY2018 earnings per share estimates for shares of British American Tobacco in a research report issued on Wednesday, October 17th, Zacks Investment Research reports. Jefferies Financial Group analyst O. Bennett now expects that the company will earn $3.82 per share for the year, up from their previous estimate of $3.75. Jefferies Financial Group has a “Buy” rating and a $66.00 price target on the stock. Jefferies Financial Group also issued estimates for British American Tobacco’s FY2019 earnings at $4.20 EPS, FY2020 earnings at $4.66 EPS and FY2021 earnings at $5.22 EPS.

Several other research firms have also recently weighed in on BTI. Royal Bank of Canada cut shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Sanford C. Bernstein assumed coverage on shares of British American Tobacco in a research note on Tuesday, October 16th. They set a “market perform” rating for the company. DZ Bank restated a “sell” rating on shares of British American Tobacco in a research note on Thursday, October 18th. Finally, UBS Group cut shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of NYSE BTI traded down $1.85 during mid-day trading on Thursday, hitting $41.75. The company had a trading volume of 5,007,203 shares, compared to its average volume of 3,124,478. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. British American Tobacco has a 12 month low of $41.48 and a 12 month high of $71.44. The stock has a market cap of $96.24 billion, a PE ratio of 11.35, a PEG ratio of 1.48 and a beta of 0.96.

A number of institutional investors and hedge funds have recently made changes to their positions in BTI. Bank of New York Mellon Corp lifted its stake in British American Tobacco by 460,771.2% during the third quarter. Bank of New York Mellon Corp now owns 5,318,454 shares of the company’s stock worth $248,001,000 after purchasing an additional 5,317,300 shares during the period. Jane Street Group LLC increased its holdings in shares of British American Tobacco by 497.3% during the second quarter. Jane Street Group LLC now owns 1,895,166 shares of the company’s stock worth $95,611,000 after buying an additional 1,577,899 shares in the last quarter. BlackRock Inc. increased its holdings in shares of British American Tobacco by 77.7% during the first quarter. BlackRock Inc. now owns 3,414,126 shares of the company’s stock worth $196,961,000 after buying an additional 1,492,324 shares in the last quarter. Gardner Russo & Gardner LLC increased its holdings in shares of British American Tobacco by 11,854.1% during the second quarter. Gardner Russo & Gardner LLC now owns 1,254,227 shares of the company’s stock worth $63,421,000 after buying an additional 1,243,735 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of British American Tobacco by 734.5% during the third quarter. Bank of Montreal Can now owns 489,791 shares of the company’s stock worth $22,839,000 after buying an additional 431,098 shares in the last quarter. Hedge funds and other institutional investors own 7.69% of the company’s stock.

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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