Stock analysts at Sanford C. Bernstein initiated coverage on shares of British American Tobacco (NYSE:BTI) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “market perform” rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group set a $66.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Finally, Royal Bank of Canada lowered shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $73.00.

NYSE:BTI opened at $43.41 on Tuesday. 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 52 week low of $42.81 and a 52 week high of $71.44. The firm has a market capitalization of $99.37 billion, a PE ratio of 11.80, a PEG ratio of 1.53 and a beta of 1.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in British American Tobacco by 2.9% during the second quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock worth $1,678,000 after buying an additional 948 shares during the last quarter. Assetmark Inc. raised its holdings in British American Tobacco by 44.6% during the second quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after buying an additional 962 shares during the last quarter. OmniStar Financial Group Inc. raised its holdings in British American Tobacco by 13.4% during the second quarter. OmniStar Financial Group Inc. now owns 8,529 shares of the company’s stock worth $430,000 after buying an additional 1,005 shares during the last quarter. Wedbush Securities Inc. raised its holdings in British American Tobacco by 25.8% during the second quarter. Wedbush Securities Inc. now owns 4,976 shares of the company’s stock worth $251,000 after buying an additional 1,021 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in British American Tobacco by 18.5% during the second quarter. Sigma Planning Corp now owns 6,957 shares of the company’s stock worth $351,000 after buying an additional 1,088 shares during the last quarter. 7.67% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for British American Tobacco (NYSE:BTI)

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