British American Tobacco (NYSE:BTI) Rating Lowered to Sell at ValuEngine

British American Tobacco (NYSE:BTI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. British American Tobacco has a consensus rating of “Hold” and a consensus target price of $40.00.

Shares of British American Tobacco stock opened at $36.84 on Friday. British American Tobacco has a 1 year low of $30.67 and a 1 year high of $42.59. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.39. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $36.41.

Several large investors have recently added to or reduced their stakes in BTI. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in British American Tobacco by 364.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 816,400 shares of the company’s stock worth $28,468,000 after purchasing an additional 640,800 shares in the last quarter. Invesco Ltd. boosted its stake in British American Tobacco by 63.1% in the 2nd quarter. Invesco Ltd. now owns 1,340,891 shares of the company’s stock worth $46,757,000 after purchasing an additional 518,515 shares in the last quarter. Boston Partners boosted its stake in British American Tobacco by 29.7% in the 2nd quarter. Boston Partners now owns 1,035,188 shares of the company’s stock worth $36,116,000 after purchasing an additional 236,838 shares in the last quarter. First Trust Advisors LP boosted its stake in British American Tobacco by 27.9% in the 2nd quarter. First Trust Advisors LP now owns 1,051,874 shares of the company’s stock worth $36,679,000 after purchasing an additional 229,297 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in British American Tobacco by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,603,525 shares of the company’s stock worth $90,968,000 after purchasing an additional 214,064 shares in the last quarter. Institutional investors and hedge funds own 5.58% of the company’s stock.

About British American Tobacco

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.

See Also: Why do earnings reports matter?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.