Price Target Update on Altria Group (NYSE:MO)

Altria Group (NYSE:MO) : The consensus price target for Altria Group (NYSE:MO) is $67.17 for the short term with a standard deviation of $4.07. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $74, however, the pessimist price target for the company is $62.

Other Equity analysts have also commented on the company shares. Berenberg initiates coverage on Altria Group (NYSE:MO). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on June 14, 2016.

Altria Group (NYSE:MO): stock turned positive on Thursday. Though the stock opened at $66.49, the bulls momentum made the stock top out at $66.57 level for the day. The stock recorded a low of $65.96 and closed the trading day at $66.31, in the green by 0.24%. The total traded volume for the day was 5,041,975. The stock had closed at $66.15 in the previous days trading.

The company shares have rallied 34.56% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $66.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $64.54 and the 200 Day Moving Average price is recorded at $61.49. On the companys insider trading activities, The director, of Altria Group, Inc., Munoz George had unloaded 12,571 shares at $62.85 per share in a transaction on May 20, 2016. The total value of transaction was $790,087. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.