Market Analysts see Altria Group Inc. [MO] falling to $36. Time to buy?

Altria Group Inc. [NYSE: MO] stock went on a downward path that fall over -1.44% on Friday, amounting to a one-week price increase of more than 5.63%. The company report on October 13, 2022 that Altria to Host Webcast of 2022 Third-Quarter and Nine-Months Results.


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Altria Group, Inc. (Altria) (NYSE: MO) will host a live audio webcast on Thursday, October 27, 2022, at 9:00 a.m. Eastern Time to discuss its 2022 third-quarter and nine-months business results. Altria will issue a press release containing its business results at approximately 7:00 a.m. Eastern Time the same day. The webcast can be accessed at altria.com.

During the webcast, Billy Gifford, Altria’s Chief Executive Officer, and Sal Mancuso, Altria’s Chief Financial Officer, will discuss the Company’s 2022 third-quarter and nine-months business results and answer questions from the investment community and news media.

Over the last 12 months, MO stock dropped by -7.07%. The one-year Altria Group Inc. stock forecast points to a potential upside of 6.88. The average equity rating for MO stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $82.64 billion, with 1.81 billion shares outstanding and 1.80 billion shares in the current float. Compared to the average trading volume of 8.59M shares, MO stock reached a trading volume of 11223320 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Altria Group Inc. [MO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MO shares is $48.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MO stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Altria Group Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $47 to $43. The new note on the price target was released on June 24, 2022, representing the official price target for Altria Group Inc. stock. Previously, the target price had yet another drop from $54 to $50, while Morgan Stanley kept a Underweight rating on MO stock. On May 10, 2022, analysts decreased their price target for MO shares from 58 to 53.

The Average True Range (ATR) for Altria Group Inc. is set at 1.10, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 3.24. Price to Free Cash Flow for MO in the course of the last twelve months was 53.01 with Quick ratio for the last quarter at 0.40.

MO Stock Performance Analysis:

Altria Group Inc. [MO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.63. With this latest performance, MO shares gained by 7.66% in over the last four-week period, additionally sinking by -17.73% over the last 6 months – not to mention a drop of -7.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MO stock in for the last two-week period is set at 61.72, with the RSI for the last a single of trading hit 67.07, and the three-weeks RSI is set at 57.78 for Altria Group Inc. [MO]. The present Moving Average for the last 50 days of trading for this stock 44.00, while it was recorded at 44.74 for the last single week of trading, and 48.46 for the last 200 days.

Insight into Altria Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Altria Group Inc. [MO] shares currently have an operating margin of +55.58 and a Gross Margin at +66.28. Altria Group Inc.’s Net Margin is presently recorded at +11.67.

Return on Equity for this stock inclined to 399.68, with Return on Assets sitting at 5.67.

Altria Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

MO Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Altria Group Inc. go to 4.26%.

Altria Group Inc. [MO] Insider Position Details

There are presently around $48,671 million, or 60.20% of MO stock, in the hands of institutional investors. The top three institutional holders of MO stocks are: VANGUARD GROUP INC with ownership of 157,858,901, which is approximately 0.378% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 140,640,523 shares of the stock with an approximate value of $6.36 billion in MO stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.87 billion in MO stock with ownership of nearly -23.758% of the company’s market capitalization.

Positions in Altria Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 946 institutional holders increased their position in Altria Group Inc. [NYSE:MO] by around 105,235,481 shares. Additionally, 770 investors decreased positions by around 102,032,523 shares, while 267 investors held positions by with 868,808,159 shares. The mentioned changes placed institutional holdings at 1,076,076,163 shares, according to the latest SEC report filing. MO stock had 118 new institutional investments in for a total of 7,223,148 shares, while 174 institutional investors sold positions of 22,640,401 shares during the same period.

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