A statement released earlier today by Jefferies & Co about Altria Group Inc. (NYSE:MO) bumps the target price to $70.00
- Updated: September 25, 2016
Jefferies & Co upped the price target of Altria Group Inc. (NYSE:MO) to $70.00 reporting a possible upside of 0.11%.
Previously on 9/15/2016, CLSA released a statement about Altria Group Inc. (NYSE:MO) reduced the target price from $69.00 to $68.00. At the time, this indicated a possible upside of 0.08%.
Just yesterday Altria Group Inc. (NYSE:MO) traded -0.39% lower at $62.97. Altria Group Inc.’s 50-day moving average is $65.49 and its 200-day moving average is $64.92. The last stock price is down -1.62% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,428,499 shares of MO traded hands, down from an average trading volume of 5,649,950
Recent Performance Chart
Altria Group Inc. has 52 week low of $53.68 and a 52 week high of $70.15 with a PE ratio of 22.18 and has a market capitalization of $0.
In addition to Jefferies & Co reporting its stock price target, a total of 8 brokerages have issued a research note on the company. The average stock price target is $66.63 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Altria Group Inc. (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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