Altria Group (MO) : 6 Wall Street analysts covering Altria Group (MO) believe that the average level the stock could reach for the short term is $69.33. The maximum price target given is $74 and the minimum target for short term is around $62, hence the standard deviation is calculated at $4.41.
The short interest in Altria Group (MO) has increased from 10,431,722 on June 15,2016 to 12,597,367 on June 30,2016. The change was measured at 2,165,645 shares or 20.8%. The leftover shorts were 0.6% of the floated shares. The days to cover are 2, given the average daily volume of 7,941,201 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Berenberg initiates coverage on Altria Group (NYSE:MO).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 14, 2016.
Altria Group (NYSE:MO): On Thursdays trading session , Opening price of the stock was $68.88 with an intraday high of $69.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $68.7. However, the stock managed to close at $68.92, a loss of 0.23% for the day. On the previous day, the stock had closed at $69.08. The total traded volume of the day was 5,170,481 shares.
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.