Altria Group (NYSE:MO – Get Rating) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $54.00 to $60.00 in a research report issued to clients and investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 8.70% from the stock’s current price.
A number of other research firms also recently issued reports on MO. StockNews.com assumed coverage on shares of Altria Group in a research report on Thursday, March 31st. They set a “buy” rating for the company. Cowen increased their target price on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. The Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $48.00 to $57.00 in a research report on Tuesday, March 22nd. Bank of America downgraded shares of Altria Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $56.00 to $50.00 in a research report on Wednesday, January 5th. Finally, Cowen increased their target price on shares of Altria Group from $51.00 to $53.00 in a research report on Thursday, April 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.86.
NYSE MO opened at $55.20 on Friday. Altria Group has a 12 month low of $42.53 and a 12 month high of $57.05. The company has a 50-day moving average of $52.95 and a 200-day moving average of $49.32. The company has a market cap of $100.06 billion, a P/E ratio of 41.50, a P/E/G ratio of 2.93 and a beta of 0.59.
A number of large investors have recently modified their holdings of MO. Bromfield Sneider Wealth Advisors acquired a new stake in Altria Group in the first quarter valued at approximately $27,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Altria Group during the 3rd quarter valued at approximately $28,000. Rinkey Investments purchased a new position in shares of Altria Group during the 4th quarter valued at approximately $30,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Altria Group during the 4th quarter valued at approximately $31,000. Finally, Reitz Capital Advisors LLC purchased a new position in shares of Altria Group during the 1st quarter valued at approximately $31,000. 59.01% of the stock is owned by institutional investors.
About Altria Group (Get Rating)
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
- Get a free copy of the StockNews.com research report on Altria Group (MO)
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