British American Tobacco (NYSE:BTI) Upgraded at Citigroup

Citigroup upgraded shares of British American Tobacco (NYSE:BTI) from a neutral rating to a buy rating in a research report released on Thursday, March 28th, Briefing.com Automated Import reports.

BTI has been the topic of several other reports. Zacks Investment Research raised British American Tobacco from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Tuesday, February 12th. Piper Jaffray Companies raised British American Tobacco from a neutral rating to an overweight rating in a report on Tuesday, January 29th. Cowen cut British American Tobacco from an outperform rating to a market perform rating in a report on Monday, January 7th. Finally, Royal Bank of Canada upgraded British American Tobacco from an underperform rating to a sector perform rating in a report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $53.00.

BTI stock traded down $0.59 during midday trading on Thursday, hitting $39.78. The company’s stock had a trading volume of 3,829,428 shares, compared to its average volume of 2,140,474. British American Tobacco has a 12 month low of $30.67 and a 12 month high of $55.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.41. The company has a market capitalization of $84.77 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.46 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, March 22nd will be paid a $0.6745 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a yield of 6.78%. British American Tobacco’s payout ratio is 67.68%.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of British American Tobacco by 460,771.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,318,454 shares of the company’s stock worth $248,001,000 after buying an additional 5,317,300 shares in the last quarter. Deutsche Bank AG grew its position in shares of British American Tobacco by 99.5% during the 4th quarter. Deutsche Bank AG now owns 2,912,205 shares of the company’s stock worth $92,780,000 after buying an additional 1,452,488 shares in the last quarter. Standard Life Aberdeen plc grew its position in shares of British American Tobacco by 15,948.3% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,251,766 shares of the company’s stock worth $22,146,000 after buying an additional 1,243,966 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of British American Tobacco during the 4th quarter worth $32,727,000. Finally, Boston Partners bought a new position in shares of British American Tobacco during the 4th quarter worth $26,016,000. Institutional investors and hedge funds own 6.33% 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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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