Goldman Sachs Sticks to Its Buy Rating for Altria Group (MO)

In a report released today, Bonnie Herzog from Goldman Sachs maintained a Buy rating on Altria Group (MO – Research Report). The company’s shares closed yesterday at $42.92.

Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Altria Group, and Kimberly Clark. According to TipRanks, Herzog has an average return of 3.2% and a 57.03% success rate on recommended stocks.

Currently, the analyst consensus on Altria Group is a Hold with an average price target of $43.00.

MO market cap is currently $73.63B and has a P/E ratio of 9.39.

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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.