Altria Group (NYSE:MO) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Friday. The firm presently has a $71.45 price target on the stock. Vetr‘s target price suggests a potential upside of 0.61% from the company’s previous close.
Several other research analysts have also weighed in on the company. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $70.04 to $70.00 in a research report on Friday, January 19th. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Wells Fargo & Co increased their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.01 to $71.00 in a research report on Tuesday, December 19th. Finally, Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.88.
Altria Group (NYSE:MO) traded up $1.11 during mid-day trading on Friday, hitting $71.02. The stock had a trading volume of 6,350,978 shares, compared to its average volume of 7,320,000. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $135,520.00, a price-to-earnings ratio of 8.88, a PEG ratio of 2.29 and a beta of 0.62. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.
A number of large investors have recently bought and sold shares of the stock. Solaris Asset Management LLC grew its holdings in shares of Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares during the last quarter. CKW Financial Group purchased a new position in shares of Altria Group during the second quarter worth about $109,000. Balentine LLC grew its holdings in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Altria Group by 4,734.7% during the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after purchasing an additional 106,530 shares during the last quarter. Finally, Quantum Capital Management LLC NJ purchased a new position in shares of Altria Group during the third quarter worth about $114,000. 62.93% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/27/altria-group-mo-upgraded-to-hold-by-vetr.html.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.