Altria Group (MO) Receives a Hold from Jefferies
In a report released yesterday, Owen Bennett from Jefferies maintained a Hold rating on Altria Group (MO), with a price target of $56. The company’s shares closed yesterday at $56.18.
According to TipRanks.com, Bennett is a 2-star analyst with an average return of 0.3% and a 54.2% success rate. Bennett covers the Healthcare sector, focusing on stocks such as The Green Organic Dutchman Holdings Ltd, Aurora Cannabis Inc, and Tilray Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altria Group with a $59.25 average price target.
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Altria Group’s market cap is currently $105.3B and has a P/E ratio of 15.27. The company has a Price to Book ratio of 7.12.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MO in relation to earlier this year.
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