Altria Group Stock Rating Reaffirmed by TheStreet (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Sunday, Analyst Ratings.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 analysts have also recently weighed in on MO. Analysts at Jefferies Group raised their price target on shares of Altria Group from $35.00 to $37.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Altria Group in a research note to investors on Friday. They now have a $38.00 price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Altria Group currently has an average rating of “Buy” and an average target price of $38.25.
Shares of Altria Group (NYSE:MO) opened at 36.25 on Friday. Altria Group has a 1-year low of $30.01 and a 1-year high of $37.61. The stock has a 50-day moving average of $34.69 and a 200-day moving average of $35.34. The company has a market cap of $72.573 billion and a price-to-earnings ratio of 16.44.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.02. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Altria Group will post $2.40 earnings per share 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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