Is Altria Stock Going to $60? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
investors found them encouraging, and the cigarette maker's stock saw a decent pop in price. If one analyst's post-earnings take on the company is accurate, we're in for even more gains before too long. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Altria published those quarterly numbers before the market opened on Oct. 31. The following day, Stifel 's Matthew Smith added an 11% raise to his price target on the stock. He's now predicting that it will climb to $60 per share, up from his previous level of $54. He maintained his buy recommendation on the shares. The price target implies a 10% increase in the stock price over the next 12 months or so. Altria beat Smith's per-share earnings estimate, which was basically in line with the analysts' consensus. He said the nearly 8% year-over-year rise in profitability more than compensated for the increased investment into its business. The analyst added that he was confid
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News
- Investors in Altria Group (NYSE:MO) have seen respectable returns of 48% over the past year [Yahoo! Finance]Yahoo! Finance
- Best Stock to Buy Right Now: Altria vs. British American Tobacco [Yahoo! Finance]Yahoo! Finance
- Could Buying Altria Stock Today Set You Up for Life? [Yahoo! Finance]Yahoo! Finance
- Altria Group (NYSE:MO) Could Become A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
- What's Behind The 50% Rise In MO Stock? [Forbes]Forbes
MO
Earnings
- 10/31/24 - Beat
MO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/2/24 - Form 4
- MO's page on the SEC website