Altria Group (MO) : The most positive equity analysts on Altria Group (MO) expects the shares to touch $74, whereas, the least positive believes that the stock will trade at $62 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $69.29 with an expected fluctuation of $4.03 from the mean.
Altria Group (MO) : 4 brokerage houses believe that Altria Group (MO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Altria Group (MO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.1.
Also, UBS maintains its view on Altria Group (NYSE:MO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS raises the price target from $68 per share to $69 per share on Altria Group. The rating by the firm was issued on July 28, 2016.
Altria Group (NYSE:MO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.91 and $65.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.32, notching a gain of 0.35% for the day. The total traded volume was 4,515,076 . The stock had closed at $66.09 on the previous day.
Altria Group, Inc. is a holding company. The Companys reportable segments include smokeable products, smokeless products and wine. As of December 31, 2014, Altria Group, Inc.s wholly owned subsidiaries included 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 large cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA, and UST LLC (UST), which through its wholly owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.