Altria Group’s “Buy” Rating Reaffirmed at TheStreet (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Friday, AnalystRatings.NET 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 stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
A number of other firms have also recently commented 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 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Altria Group currently has an average rating of “Buy” and a consensus target price of $37.44.
Shares of Altria Group (NYSE:MO) traded up 0.84% during mid-day trading on Friday, hitting $35.92. The stock had a trading volume of 2,860,883 shares. Altria Group has a one year low of $30.01 and a one year high of $37.61. The stock’s 50-day moving average is $34.84 and its 200-day moving average is $35.53. The company has a market cap of $71.912 billion and a P/E ratio of 16.28.
Altria Group (NYSE:MO) last released its earnings data on Tuesday, July 23rd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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.
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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