Altria Group PT Raised to $51.00 at JPMorgan Chase & Co. (MO)
Research analysts at JPMorgan Chase & Co. lifted their target price on shares of Altria Group (NYSE:MO) from $45.00 to $51.00 in a report released on Thursday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 46.97% from the company’s current price.
A number of other firms have also recently commented on MO. Analysts at TheStreet reiterated a “buy” rating on shares of Altria Group (NYSE:MO) in a research note to investors on Thursday, September 26th. Finally, 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. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $37.44.
Altria Group (NYSE:MO) traded down 0.14% on Thursday, hitting $34.70. The stock had a trading volume of 5,798,494 shares. Altria Group has a one year low of $30.01 and a one year high of $37.61. The stock has a 50-day moving average of $34.55 and a 200-day moving average of $35.. The company has a market cap of $69.469 billion and a price-to-earnings ratio of 15.88.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.62 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.59 earnings per share. Altria Group’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Altria Group will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Altria Group’s previous quarterly dividend of $0.44.
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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