Altria Group Given Buy Rating at TheStreet (MO)
Altria Group (NYSE:MO)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Tuesday, Analyst Ratings Network.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 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.”
Shares of Altria Group (NYSE:MO) opened at 36.77 on Tuesday. Altria Group has a 1-year low of $33.12 and a 1-year high of $38.58. The stock’s 50-day moving average is $37.56 and its 200-day moving average is $36.23. The company has a market cap of $73.466 billion and a price-to-earnings ratio of 14.37. Altria Group also saw some unusual options trading on Monday. Stock investors bought 31,606 call options on the stock. This represents an increase of 623% compared to the typical volume of 4,369 call options.
MO has been the subject of a number of other recent research reports. 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 five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.63.
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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