TheStreet Reiterates “Buy” Rating for Altria Group (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.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) traded down 0.03% on Tuesday, hitting $34.74. 2,468,687 shares of the company’s stock traded hands. Altria Group has a 1-year low of $30.01 and a 1-year high of $37.61. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $35.49. The company has a market cap of $69.549 billion and a price-to-earnings ratio of 15.88.
Altria Group (NYSE:MO) last announced its 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.
A number of other analysts have also recently weighed in on MO. Analysts at JPMorgan Chase & Co. raised their price target on shares of Altria Group from $45.00 to $51.00 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Altria Group in a research note to investors on Wednesday, September 11th. They now have a $37.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Altria Group 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 company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.44.
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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