British American Tobacco p.l.c. (NYSE:BTI) finished Thursday with an addition of $0.02 to close at $32.80, an upside of 0.06 percent. An average of 2,617,060 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 3,219,700 shares traded, while the 50-day average volume stands at 3,591,942.
BTI stock has decreased by -2.76% in the last month. The company shares reached their 1-month lowest point of $32.35 on 08/08/23. With the stock rallying to its 52-week high on 01/06/23, shares of the company touched a low of $31.64 and a high of $42.36 in 52 weeks. It has reached a new high 3 times so far this year and lost -17.96% or -$7.18 in price. In spite of this, the price is down -22.57% from the 52-week high.
Valuation Metrics
British American Tobacco p.l.c. (BTI) has a trailing price-to-earnings (P/E) ratio of 6.62. The stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.05, the price-to-book (PB) ratio at 0.80, and the price-to-cash flow ratio at 11.59.
Financial Health
The quick ratio of British American Tobacco p.l.c. for the recent quarter was 0.60, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.58 for the recent quarter. British American Tobacco p.l.c.’s EBITDA margin is 46.86%, while its operating margin for the same period stands at 45.30%. Its gross profit as reported stood at $28.29 billion compared to revenue of $34.21 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, British American Tobacco p.l.c.’s return on assets was 6.00%.
Earnings Surprise
For the recent quarter, British American Tobacco p.l.c. had $149.0 million in cash. The company posted a net income of $6.67 billion in the quarter, while revenues were shrunk -2.03%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at British American Tobacco p.l.c. (BTI) price momentum. RSI 9-day as of the close on 10 August was 38.18%, suggesting the stock is Neutral, with historical volatility in this time frame at 8.39%.
As of today, BTI’s price is $32.72 -0.06% or -$0.02 from its 5-day moving average. BTI is currently trading -0.91% lower than its 20-day SMA and -8.35% lower than its 100-day SMA. However, the stock’s current price level is +1.49% above the SMA50 and -12.53% below the SMA200.
The stochastic %K and %D were 21.77% and 18.32%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 25.00% and the average true range at 0.40, the RSI (14) stands at 42.29%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.
Analyst Ratings
JP Morgan downgraded British American Tobacco p.l.c. (NYSE: BTI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for British American Tobacco p.l.c. (BTI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is BTI’s price target for the next 12 months?
Analysts predict a range of price targets between $42.40 and $57.34, with a median target of $49.87. Taking a look at these predictions, the average price target given by analysts for British American Tobacco p.l.c. (BTI) stock is $49.87.
