Altria Group (NYSE:MO) 52-Week Price Target At $69.25


Thomson Reuters, a distinguished research firm, has put a 52-week price target of $69.25 on Altria Group (NYSE:MO) shares after it questioned top market analysts. Calculating projected earnings after factoring different elements, it is predicted to be $3.07 for the next fiscal and $N/A for in progress quarter.

Valuation Estimates

Analysts consider the price to earnings ratio to assess the firm’s valuation. This ratio, also known as the P/E ratio appraises the firm on relative expense factor. The method to estimate ratio is stock’s price/ per share earnings. Altria Group (NYSE:MO)P/E ratio stands at 21.98.

In essence, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 20, the reading is that an investor is ready to pay $20 for $1 of present earnings.

Analysts work out Price/Earnings Growth ratio to assess the valuation of a firm. This ratio, commonly called as the PEG ratio hint at the stock’s valuation paralleled to earnings growth prospect. Investors want to invest in the stocks boasting a lower PEG ratio. For Altria Group, Inc., the PEG ratio for next 3-5 years is 2.69.

Technical Analysis

The technical study highlights that Altria Group, Inc. current is trading $-3.08 points away or -4.63% from 50-day moving average of $66.38. It is trading $-1.59 or -2.45% away 200-day moving average of $64.89.

The 52-week high of Altria Group (NYSE:MO) was $70.15 while lowest point in 52-week was $53.68. It shows if stock price records a movement of over $-6.85, it will touch 52-week high. Conversely, in the case of +17.92% drop, it will hit a new 52-week low.

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