RBC Capital analyst Nik Modi maintained a Buy rating on Altria Group (NYSE:MO) Inc on Wednesday, setting a price target of $56, which is approximately 7.05% above the present share price of $52.31.
Modi expects Altria Group Inc to post earnings per share (EPS) of $1.03 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Altria Group, with an average price target of $52.11.
The analysts price targets range from a high of $58 to a low of $40.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $5.06 billion and a net profit of $2.58 billion. The company's market cap is $96.89 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 18.0% and a 77.64% success rate.
Virginia-based Altria Group, Inc. is a tobacco company, which manufactures and sells cigarettes, smokeless products, and wine in the United States. Its most popular cigarette brand is Marlboro. It sells cigars principally under the Black & Mild brand, and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands labels. It also owns wineries in or distributes wines from several other wine regions.