$British American Tobacco (BTI.US)$ – Equities researchers at  Jefferies Financial Group raised their FY2023 EPS estimates for British American Tobacco  in a report released on  Sunday, October 2nd. Jefferies Financial Group analyst O. Bennett now anticipates that the company will post earnings of $4.78 per share for the year, up from their prior estimate of $4.77. The consensus estimate for British American Tobacco's current full-year earnings is $4.33 per share. Jefferies Financial Group also issued estimates for British American Tobacco's FY2024 earnings at $5.27 EPS and FY2025 earnings at $5.90 EPS.

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Several other analysts have also recently commented on the stock. Barclays upped their target price on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a research report on Tuesday, June 7th. Morgan Stanley upped their target price on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a research report on Tuesday, July 5th. Finally, StockNews.com raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a report on Friday, September 30th.

British American Tobacco Stock Performance

NYSE:BTI opened at $37.32 on Tuesday. British American Tobacco has a 1 year low of $33.62 and a 1 year high of $47.24. The firm has a 50 day moving average of $39.56 and a 200-day moving average of $41.52. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On British American Tobacco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in  British American Tobacco in the 4th quarter valued at about $3,977,000.  Blair William & Co. IL acquired a new stake in shares of  British American Tobacco during the 4th quarter worth approximately $527,000.  Credit Suisse AG boosted its position in shares of  British American Tobacco by 279.4% during the 4th quarter. Credit Suisse AG now owns 137,277 shares of the company's stock worth $5,136,000 after acquiring an additional 101,096 shares in the last quarter.  Guggenheim Capital LLC boosted its position in shares of  British American Tobacco by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 72,194 shares of the company's stock worth $2,701,000 after acquiring an additional 6,558 shares in the last quarter.  Finally, Cinctive Capital Management LP acquired a new stake in shares of  British American Tobacco during the 4th quarter worth approximately $1,859,000. 6.70% of the stock is owned by institutional investors.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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