why Altria Group Inc [MO] is a Good Choice for Investors After New Price Target of $56.60

Altria Group Inc [NYSE: MO] stock went on an upward path that rose over 1.00% on Tuesday, amounting to a one-week price decrease of less than -1.40%.

Over the last 12 months, MO stock rose by 23.46%. The one-year Altria Group Inc stock forecast points to a potential upside of 9.26. The average equity rating for MO stock is currently 2.64, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $87.05 billion, with 1.70 billion shares outstanding and 1.69 billion shares in the current float. Compared to the average trading volume of 7.61M shares, MO stock reached a trading volume of 6387562 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 $56.60 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 2.64. 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.

BofA Securities have made an estimate for Altria Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 06, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $44.50 to $48. The new note on the price target was released on October 08, 2024, representing the official price target for Altria Group Inc stock.

The Average True Range (ATR) for Altria Group Inc is set at 0.81, with the Price to Sales ratio for MO stock in the period of the last 12 months amounting to 4.27. Price to Free Cash Flow for MO in the course of the last twelve months was 10.25 with Quick ratio for the last quarter at 0.30.

MO Stock Performance Analysis:

Altria Group Inc [MO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.40. With this latest performance, MO shares dropped by -6.09% in over the last four-week period, additionally plugging by 7.63% over the last 6 months – not to mention a rise of 23.46% 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 35.88, with the RSI for the last a single of trading hit 34.83, and the three-weeks RSI is set at 38.86 for Altria Group Inc [MO]. The present Moving Average for the last 50 days of trading for this stock 54.47, while it was recorded at 51.21 for the last single week of trading, and 49.48 for the last 200 days.

Insight into Altria Group Inc Fundamentals:

Altria Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.44.

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 4.35%.

Altria Group Inc [MO] Institutonal Ownership Details

There are presently around $60.90%, or 60.97%% of MO stock, in the hands of institutional investors. The top three institutional holders of MO stocks are: VANGUARD GROUP INC with ownership of 156.12 million shares, which is approximately 8.8805%. BLACKROCK INC., holding 125.5 million shares of the stock with an approximate value of $$5.72 billion in MO stocks shares; and BLACKROCK INC., currently with $$3.24 billion in MO stock with ownership which is approximately 3.9574%.