Altria Group (NYSE:MO) PT Raised to $48.00 at Citigroup

by · The Cerbat Gem

Altria Group (NYSE:MO – Get Free Report) had its price target upped by equities research analysts at Citigroup from $44.50 to $48.00 in a research note issued on Tuesday, MarketBeat reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential downside of 4.46% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus raised their price objective on Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Friday, June 28th. Barclays upped their price objective on shares of Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, September 9th. UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Finally, Bank of America lifted their target price on shares of Altria Group from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.17.

Check Out Our Latest Report on MO

Altria Group Trading Up 1.4 %

NYSE MO opened at $50.24 on Tuesday. The firm has a market capitalization of $86.29 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65. The firm’s fifty day moving average price is $51.55 and its two-hundred day moving average price is $47.45. Altria Group has a 1 year low of $39.06 and a 1 year high of $54.95.

Altria Group (NYSE:MO – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts anticipate that Altria Group will post 5.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Maryland Capital Advisors Inc. raised its holdings in Altria Group by 154.4% in the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after acquiring an additional 349 shares in the last quarter. BNP Paribas bought a new position in Altria Group in the 1st quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at approximately $27,000. Pineridge Advisors LLC bought a new stake in shares of Altria Group during the 4th quarter worth approximately $28,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Altria Group during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Company Profile

(Get Free Report)

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.

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