Altria Group (MO) Stock Rating Reaffirmed by Royal Bank of Canada

Altria Group (NYSE:MO)‘s stock had its “hold” rating reaffirmed by research analysts at Royal Bank of Canada in a note issued to investors on Monday. They presently have a $65.00 target price on the stock. Royal Bank of Canada’s target price points to a potential downside of 6.34% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Piper Jaffray Companies raised their price target on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Friday. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $71.45 price objective on the stock in a research note on Friday, January 26th. Jefferies Group upgraded shares of Altria Group from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $70.04 to $70.00 in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Co increased their price objective on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $73.04.

Shares of Altria Group (MO) opened at $69.40 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. The stock has a market cap of $132,428.39, a PE ratio of 13.05, a PEG ratio of 2.15 and a beta of 0.53. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. sell-side analysts forecast that Altria Group will post 4 earnings per share for the current year.

Altria Group declared that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Several large investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after acquiring an additional 19,740,509 shares during the period. BlackRock Inc. raised its stake in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after acquiring an additional 8,969,677 shares during the period. Capital World Investors raised its stake in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after acquiring an additional 8,914,575 shares during the period. USS Investment Management Ltd bought a new stake in Altria Group during the 4th quarter worth approximately $269,661,000. Finally, Vanguard Group Inc. raised its stake in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after acquiring an additional 2,690,270 shares during the period. Hedge funds and other institutional investors own 62.75% of the company’s stock.

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About Altria Group

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include 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 cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

Analyst Recommendations for Altria Group (NYSE:MO)

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