RBC Capital analyst Nik Modi maintained a Buy rating on Altria Group (NYSE:MO) Inc on Monday, setting a price target of $68, which is approximately 86.40% above the present share price of $36.48.
Modi expects Altria Group Inc to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Altria Group, with an average price target of $54.67.
The analysts price targets range from a high of $68 to a low of $47.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $5.68 billion and a net profit of $3.16 billion. The company's market cap is $67.79 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 64.26% success rate.
Altria Group, Inc. operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton. The Smokeless products segment manufactured and sold by or on behalf of USSTC and PM USA. The Wine segment producer of Washington State wines, primarily Chateau Ste. Michelle and Columbia Crest, and owns wineries in or distributes wines from several other wine regions. The company was founded in 1919 and is headquartered in Richmond, VA.