Brokerages Set Altria Group, Inc. (NYSE:MO) Price Target at $51.33

Altria Group, Inc. (NYSE:MO) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $51.33.

Several analysts have weighed in on the stock. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America cut their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, UBS Group increased their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th.

Altria Group Stock Up 0.2 %

Shares of Altria Group stock opened at $57.74 on Tuesday. Altria Group has a 52-week low of $39.25 and a 52-week high of $58.03. The firm’s 50 day moving average price is $52.55 and its 200-day moving average price is $50.13. The company has a market cap of $97.86 billion, a P/E ratio of 9.75, a PEG ratio of 3.28 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities research analysts forecast that Altria Group will post 5.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Altria Group

Several institutional investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of Altria Group by 420.0% during the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Altria Group in the 2nd quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Altria Group in the third quarter valued at approximately $34,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group in the second quarter valued at approximately $30,000. Finally, Valley Wealth Managers Inc. increased its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.