Altria Group Stock Rating Reaffirmed by TheStreet (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Sunday, American Banking News 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 revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth 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.”
A number of other firms have also recently commented on MO. Analysts at Zacks reiterated a “neutral” rating on shares of Altria Group in a research note to investors on Thursday, December 5th. They now have a $39.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Altria Group from $38.00 to $40.00 in a research note to investors on Monday, December 2nd. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Altria Group in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.63.
Shares of Altria Group (NYSE:MO) opened at 37.72 on Friday. Altria Group has a 52-week low of $31.85 and a 52-week high of $38.58. The stock’s 50-day moving average is $37.62 and its 200-day moving average is $36.04. The company has a market cap of $75.365 billion and a price-to-earnings ratio of 14.79.
Altria Group (NYSE:MO) last released its earnings data 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 last year, the company posted $0.58 earnings per share. Altria Group’s revenue was up 6.6% 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 Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a dividend of 0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Monday, December 23rd.
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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