Bank of America Initiates Coverage on British American Tobacco (NYSE:BTI)

Bank of America initiated coverage on shares of British American Tobacco (NYSE:BTI) in a report released on Wednesday, MarketBeat reports. The brokerage set a “buy” rating on the stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.00.

British American Tobacco Stock Down 0.5 %

Shares of NYSE:BTI opened at $43.33 on Wednesday. British American Tobacco has a 12 month low of $29.57 and a 12 month high of $43.86. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $41.04 and a 200 day moving average price of $38.47. The company has a market cap of $89.67 billion, a price-to-earnings ratio of 8.90 and a beta of 0.38.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BTI. Rosenberg Matthew Hamilton boosted its holdings in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after buying an additional 280 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock worth $25,000 after purchasing an additional 305 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in British American Tobacco by 294.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock worth $26,000 after buying an additional 525 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in British American Tobacco in the 4th quarter worth approximately $26,000. Finally, Financial Management Professionals Inc. lifted its stake in shares of British American Tobacco by 78.5% during the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock worth $26,000 after buying an additional 278 shares during the period. 16.16% of the stock is owned by institutional investors.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.