Altria Group Given “Buy” Rating at TheStreet (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Altria Group (MO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Altria Group (NYSE:MO) remained flat at $34.79 during during mid-day trading trading on Thursday. The stock had a trading volume of 1,198,906 shares. Altria Group has a 52 week low of $30.01 and a 52 week high of $37.61. The stock’s 50-day moving average is $34.64 and its 200-day moving average is $35.43. The company has a market cap of $69.650 billion and a price-to-earnings ratio of 15.90.
Altria Group (NYSE:MO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.01. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Altria Group will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Thursday, September 12th. This is a boost from Altria Group’s previous quarterly dividend of $0.44.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Altria Group (NYSE:MO) in a research note to investors on Wednesday, September 11th. They now have a $37.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Altria Group (NYSE:MO) from $31.00 to $34.00 in a research note to investors on Wednesday, July 24th. They now have an “equal weight” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.78.
Altria Group, Inc is a holding company. At December 31, 2012, Altria Group, Inc’s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc (NYSE:MO), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.
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