In a report released on October 27, Matthew Smith, CFA from Stifel Nicolaus maintained a Buy rating on Altria Group (MO – Research Report), with a price target of $45.00. The company’s shares closed last Friday at $39.30.
Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Hain Celestial, and TreeHouse Foods. According to TipRanks, Smith, CFA has an average return of -6.4% and a 18.18% success rate on recommended stocks.
In addition to Stifel Nicolaus, Altria Group also received a Buy from Goldman Sachs’s Bonnie Herzog in a report issued on October 26. However, on the same day, Citi maintained a Hold rating on Altria Group (NYSE: MO).
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Based on Altria Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.51 billion and a net profit of $2.12 billion. In comparison, last year the company earned a revenue of $6.54 billion and had a net profit of $891 million
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Altria Group (MO) Company Description:
Virginia-based Altria Group, Inc. is a tobacco company, which manufactures and sells cigarettes, smokeless products, and wine in the United States. Its most popular cigarette brand is Marlboro. It sells cigars principally under the Black & Mild brand, and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands labels. It also owns wineries in or distributes wines from several other wine regions.
Read More on MO:
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- Altria Group cuts FY23 adjusted EPS view to $4.91-$4.98 from $4.98-$5.03
- Altria Group reports Q3 adjusted EPS $1.28, consensus $1.22
- Options Volatility and Implied Earnings Moves Today, October 26, 2023
