Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Altria Group (NYSE:MO) Stock Price

Altria Group (NYSE:MO) had its price objective raised by Deutsche Bank Aktiengesellschaft from $52.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 10.54% from the stock’s previous close.

Several other equities analysts also recently issued reports on MO. StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Stifel Nicolaus upped their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday. Citigroup upped their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Barclays upped their target price on shares of Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, September 9th. Finally, Bank of America cut their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.17.

Altria Group Trading Down 0.3 %

Shares of MO stock traded down $0.18 on Friday, reaching $54.28. 4,305,116 shares of the stock were exchanged, compared to its average volume of 9,874,804. The business’s 50 day moving average price is $51.39 and its 200 day moving average price is $48.29. The company has a market capitalization of $92.61 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 2.92 and a beta of 0.65. Altria Group has a twelve month low of $39.25 and a twelve month high of $54.95.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.02. Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Altria Group’s revenue for the quarter was up 18.6% on a year-over-year basis. Equities research analysts forecast that Altria Group will post 5.11 earnings per share for the current year.

Hedge Funds Weigh In On Altria Group

A number of large investors have recently bought and sold shares of the stock. Norden Group LLC purchased a new stake in Altria Group during the 1st quarter worth $543,000. Private Advisor Group LLC increased its stake in Altria Group by 1.2% during the 1st quarter. Private Advisor Group LLC now owns 169,551 shares of the company’s stock worth $7,396,000 after buying an additional 1,938 shares during the period. Janney Montgomery Scott LLC increased its stake in Altria Group by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 851,890 shares of the company’s stock worth $37,159,000 after buying an additional 27,139 shares during the period. Resonant Capital Advisors LLC purchased a new stake in Altria Group during the 1st quarter worth $251,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Altria Group by 7.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,918 shares of the company’s stock worth $1,741,000 after buying an additional 2,909 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

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.