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.
Why did Morgan Stanley downgrade Altria stock to underweight?
Here's why. The latest hit to Altria's stock was brought on by Morgan Stanley analyst Pamela Kaufman downgrading the stock to underweight from equal weight and dropping her price target from $54 per share to $50, citing the fact that inflation hits low-income consumers harder than most and that they comprise the greatest percentage of smokers.
Is Altria due for a dividend hike in September?
I don’t count chickens before they hatch, but Altria is due for a dividend hike in September if they stay true to form. I think it will be a decent hike, and if I had to guess, it will probably be near $0.05 per share. For me, reinvesting dividends is a great way to start the compounding effect for a long-term holding like Altria.
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Why did MO drop?
Altria (MO) recently got hit with a downgrade from Morgan Stanley, which cited concerns about the impact of rising prices on cigarette demand. Is MO stock a buy now?
Is MO a good buy now?
MO today yields a very safe 6.7% vs PM's 4.7%, is 21% undervalued, while PM is 4% overvalued after management slashed guidance by 13%. Over the next three years, five years, and 30 years, analysts think MO could deliver 3X the returns PM could generate.
Is Altria a buy hold or sell?
Altria Group has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.
What is the target price for Altria stock?
Stock Price TargetHigh$68.00Low$53.00Average$56.88Current Price$54.15
Is Altria 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.
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.
Is Altria undervalued?
Altria: Stellar Dividend Yield Altria has struggled recently with poor capital allocation in JUUL and Cronos, and its ability to market iQOS is in doubt due to a patent ruling. Investors seeking income may be interested in its growing dividend with a ~6.7% yield. The stock is undervalued.
Is MO a dividend king?
Tobacco giant Altria Group (MO) is the highest-yielding Dividend Kings. Altria is operating in a declining industry.
Is MO a buy Zacks?
The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
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 57.00, with a high estimate of 68.00 and a low estimate of 50.00. The median estimate represents a +16.45% increase from the last price of 48.95.