Altria Group (MO) : 10 analysts are covering Altria Group (MO) and their average rating on the stock is 2.1, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Altria Group (MO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Altria Group (MO) : Average target price received by Altria Group (MO) is $69.29 with an expected standard deviation of $4.03. The most aggressive target on the stock is $74, whereas the most downbeat target is $62. 7 financial analysts are currently covering the stock.
Also, In a research note released to the investors, UBS maintains its rating on Altria Group (NYSE:MO).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, UBS raises the new price target from $68 per share to $69 per share. The rating by the firm was issued on July 28, 2016.
Altria Group (NYSE:MO): After opening at $62.92, the stock dipped to an intraday low of $62.59 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $63.38 and the buying power remained strong till the end. The stock closed at $63.25 for the day, a gain of 0.21% for the day session. The total traded volume was 5,798,530. The stocks close on the previous trading day was $63.12.
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.