A report released today by Jefferies about Altria (NYSE:MO) ups the target price to $70.00
- Updated: September 20, 2016
Yesterday Altria (NYSE:MO) traded 0.00% even at $62.97. The company’s 50-day moving average is $65.74 and its 200-day moving average is $64.93. The last stock close price is down -3.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 5,660,880
Stating as potential upside of 0.11%, Jefferies raised the target price of Altria (NYSE:MO) to $70.00
Previously on 9/15/2016, CLSA reported about Altria (NYSE:MO) lowered the target price from $69.00 to $68.00. At the time, this indicated a possible upside of 0.08%.
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Altria has a 52 week low of $53.68 and a 52 week high of $70.15 with a P/E ratio of 21.8600 The company’s market cap is currently $0.
In addition to Jefferies reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $66.63 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Altria (NYSE:MO)
Altria Group, Inc. is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its segments include smokeable products, smokeless products and wine. The smokeable products segment uses over four manufacturing and processing facilities. The smokeless products segment uses over four smokeless tobacco manufacturing and processing facilities located in Franklin Park, Illinois; Hopkinsville, Kentucky; Nashville, Tennessee, and Richmond, Virginia. Its wine segment uses approximately 11 wine-making facilities.
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