Barclays started coverage on shares of Altria Group (NYSE:MO) in a research report report published on Friday, MarketBeat reports. The brokerage issued an overweight rating and a $64.00 price target on the stock.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Altria Group from a hold rating to a buy rating and set a $70.00 price objective for the company in a research note on Tuesday, September 25th. Jefferies Financial Group lowered shares of Altria Group from a buy rating to a hold rating and set a $61.00 price objective for the company. in a research note on Friday, August 24th. Sanford C. Bernstein initiated coverage on shares of Altria Group in a research note on Tuesday, October 16th. They issued a market perform rating for the company. ValuEngine raised shares of Altria Group from a sell rating to a hold rating in a research note on Tuesday, October 23rd. Finally, Wells Fargo & Co lowered their price objective on shares of Altria Group from $75.00 to $65.00 and set an outperform rating for the company in a research note on Monday, November 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Altria Group presently has a consensus rating of Buy and a consensus target price of $67.81.

MO stock traded down $0.22 during mid-day trading on Friday, hitting $54.18. 12,369,965 shares of the company were exchanged, compared to its average volume of 10,371,525. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36. The firm has a market cap of $102.22 billion, a PE ratio of 16.03, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.22 billion. Sell-side analysts anticipate that Altria Group will post 3.99 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. LFA Lugano Financial Advisors SA purchased a new position in Altria Group in the third quarter worth approximately $103,000. Investment Partners LTD. purchased a new position in Altria Group in the third quarter worth approximately $4,246,000. BDO Wealth Advisors LLC lifted its stake in Altria Group by 165.5% in the second quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock worth $126,000 after acquiring an additional 1,385 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in Altria Group in the second quarter worth approximately $137,000. Finally, New England Asset Management Inc. purchased a new position in Altria Group in the second quarter worth approximately $138,000. Institutional investors own 64.49% of the company’s stock.

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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