Altria shares traded up Friday, following a rating upgrade from Goldman Sachs analysts.
The analysts at Goldman Sachs raised their rating on the tobacco company to buy from neutral. Analyst Judy Hong cited a “10-year trough despite a more accommodating market backdrop," for the tobacco industry stocks as a reason behind the rating upgrade. Hong indicated that strong fundamentals, promising next generation tobacco products and expectations of easing of regulatory concerns over time should help to boost tobacco stocks.
Hong's 12-month price target on Altria shares is $59, which reflects a total potential return of 27% including the 6% dividend yield.
The 50-day moving average for MO moved above the 200-day moving average on March 28, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Momentum Indicator moved above the 0 level on April 19, 2024. You may want to consider a long position or call options on MO as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MO just turned positive on April 23, 2024. Looking at past instances where MO's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
MO moved above its 50-day moving average on April 18, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MO advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MO broke above its upper Bollinger Band on April 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MO entered a downward trend on April 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (3.336). P/E Ratio (9.167) is within average values for comparable stocks, (12.530). MO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (16.252). Dividend Yield (0.089) settles around the average of (0.064) among similar stocks. P/S Ratio (3.792) is also within normal values, averaging (31.434).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company which produces and markets tobacco products
Industry Tobacco