Altria Group (NYSE:MO) Price Target Raised to $65.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised their price target for Altria Group from $63.00 to $65.00, indicating a potential upside of 5.00% based on the stock's previous close.
• The stock currently has an average rating of "Hold" from analysts, with price targets ranging from $50.00 to $65.00.
• Altria's latest quarterly earnings showed EPS of $1.44, exceeding estimates, and a revenue of $5.29 billion, reflecting a slight year-over-year increase of 0.2%.

Altria Group (NYSE:MO - Get Free Report) had its price target increased by equities research analysts at Stifel Nicolaus from $63.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 5.00% from the stock's previous close.

Several other research analysts have also weighed in on the company. Jefferies Financial Group initiated coverage on Altria Group in a research report on Wednesday, July 9th. They set an "underperform" rating and a $50.00 price target on the stock. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC raised Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Citigroup boosted their target price on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, UBS Group raised Altria Group from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Altria Group currently has an average rating of "Hold" and an average price target of $58.13.

Altria Group Stock Performance

Altria Group stock traded up $0.41 during midday trading on Thursday, reaching $61.91. The stock had a trading volume of 4,303,598 shares, compared to its average volume of 9,243,178. The stock has a market capitalization of $104.28 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. Altria Group has a 1-year low of $47.57 and a 1-year high of $62.32. The firm's fifty day simple moving average is $59.29 and its 200-day simple moving average is $57.24.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, sell-side analysts anticipate that Altria Group will post 5.32 earnings per share for the current fiscal year.

Institutional Trading of Altria Group

Several institutional investors have recently added to or reduced their stakes in the company. Mattson Financial Services LLC bought a new stake in shares of Altria Group during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Altria Group during the 2nd quarter worth $25,000. Redwood Park Advisors LLC bought a new stake in shares of Altria Group during the 4th quarter worth $26,000. Carderock Capital Management Inc. bought a new stake in shares of Altria Group during the 2nd quarter worth $26,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Altria Group during the 1st quarter worth $31,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Company Profile

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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