Altria Group Inc (NYSE:MO) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $68.43.

MO has been the topic of a number of analyst reports. Argus increased their price objective on Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. Sanford C. Bernstein initiated coverage on Altria Group in a report on Tuesday, October 23rd. They set a “market perform” rating on the stock. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Jefferies Financial Group set a $56.00 price objective on Altria Group and gave the company a “hold” rating in a report on Thursday, November 29th. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of Altria Group in a report on Monday, November 12th.

Large investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new stake in Altria Group during the 3rd quarter valued at approximately $103,000. IMA Wealth Inc. bought a new stake in Altria Group during the 2nd quarter valued at approximately $106,000. Investment Partners LTD. bought a new stake in Altria Group during the 3rd quarter valued at approximately $4,246,000. BDO Wealth Advisors LLC boosted its stake in Altria Group by 165.5% during the 2nd quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after purchasing an additional 1,385 shares during the period. Finally, Landaas & Co. WI ADV bought a new stake in Altria Group during the 2nd quarter valued at approximately $137,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

MO stock remained flat at $$54.40 during mid-day trading on Thursday. The company’s stock had a trading volume of 12,456,732 shares, compared to its average volume of 8,084,702. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.60. The firm has a market cap of $102.22 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.59 and a beta of 0.37. Altria Group has a 12 month low of $52.90 and a 12 month high of $74.38.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. As a group, sell-side analysts forecast that Altria Group will post 3.99 earnings per share for the current fiscal year.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Analyst Recommendations for Altria Group (NYSE:MO)

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