Why is Altria stock trading lower Wednesday?
Altria Group Inc (NYSE: MO) shares are trading lower Wednesday following bearish analyst coverage from Morgan Stanley. Morgan Stanley analyst Pamela Kaufman downgraded Altria from an Equal-Weight rating to an Underweight rating and announced a $50 price target, citing lower cigarette sales volumes as a result of rising gas and food prices.
Is Altria (Mo) stock headed higher?
In the latest trading session, Altria (MO) closed at $45.96, marking a +1.23% move from the previous day. As investors shrug off inflation and omicron variant worries, stocks seem primed to head higher.
Does Altria have headroom for price increase?
This leaves headroom for price increase for many years. As a U.S. pure play, Altria lacks exposure to some of the emerging markets in which total tobacco consumption is increasing, leaving it exposed to the secular decline rate that we estimate to be around 4% per year.
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Why is Altria falling?
Shares of Altria (MO 0.86%) fell 9% on Wednesday after The Wall Street Journal reported that the U.S. Food and Drug Administration (FDA) was planning to have Juul Labs pull its e-cigarettes from the U.S. market.
Is MO a good buy now?
MO stock is technically not a buy right now. Earnings growth for MO stock might tick higher this year. However, revenue has bounced between anemic growth and modest declines.
Is Altria stock a buy or sell?
I expect to see MO at $50 or higher by the end of 2022. Altria is a strong buy for those looking for high dividends and moderate capital gains.
Is Altria stock overvalued?
Note that volumes actually increased from 2019 to 2020 perhaps due to the stress of COVID-19. But the fact remains that total volume in 2021 was the same as in 2019 possibly a good sign for future results. At this point in time, I would say that Altria is not overvalued.
What is the best tobacco stock?
Premarket Tobacco StocksSymbolLast Price% ChangeUVV53.81.39%MO41.90650.93%VGR10.2150.93%KAVL1.310.76%May 16, 2022
How High Will MO stock go up CNN Money?
Altria Group Inc (NYSE:MO) The 15 analysts offering 12-month price forecasts for Altria Group Inc have a median target of 53.00, with a high estimate of 68.00 and a low estimate of 36.00. The median estimate represents a +27.80% increase from the last price of 41.47.
Does Altria have a lot of debt?
What Is Altria Group's Debt? As you can see below, Altria Group had US$29.7b of debt, at March 2021, which is about the same as the year before. You can click the chart for greater detail. However, it does have US$5.79b in cash offsetting this, leading to net debt of about US$23.9b.
What is the relationship between Philip Morris and Altria?
Altria is the parent company of Philip Morris USA (producer of Marlboro cigarettes), John Middleton, Inc., U.S. Smokeless Tobacco Company, Inc., and Philip Morris Capital Corporation.
What companies does Altria own?
At-A-Glance. Our wholly-owned subsidiaries include Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Helix Innovations and Philip Morris Capital Corporation, with category-leading names like Marlboro®, Black & Mild®, Copenhagen®, Skoal® and on! ® oral nicotine pouches.
Is Altria undervalued?
Altria is significantly undervalued at 9.8x. Management realizes the undervaluation, and the company has been pursuing its sizable $3.5 billion share repurchase program. At the end of 2021, the company purchased almost 51.2 million shares and has $1.8 billion remaining under the program.
Which stock has the highest dividend?
9 highest dividend-paying stocks in the S&P 500:Williams Cos. Inc. (WMB)Devon Energy Corp. (DVN)Oneok Inc. (OKE)Simon Property Group Inc. (SPG)Kinder Morgan Inc. (KMI)Vornado Realty Trust (VNO)Altria Group Inc. (MO)Lumen Technologies Inc. (LUMN)More items...•
What is the intrinsic value of Altria?
As of today (2022-07-08), Altria Group's Intrinsic Value: Projected FCF is $35.24.
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Altria Group's revenue net of excise taxes and earnings both edged higher in 2021. That modest growth should continue.
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Is Altria a neutral stock?
To justify his downgrade, Spielman argued that e-cigarette maker Juul is "beginning to disrupt the U.S. cigarette industry." As such, when Altria reports earnings next week, he believes it will confirm that industry volumes declined around 6% in the first quarter -- a trend that will mean Altria's valuation remains "depressed."
