Key Takeaways:
- Altria Group (MO, Financial) provides substantial dividends with a yield of 7.06%, driven by its strong tobacco operations.
- Analysts predict an average price target of $56.90, indicating a slight downside potential from current levels.
- The company is expanding into cannabis and alternative nicotine products for future growth.
Altria Group (MO) offers a compelling dividend yield of 7.06%, primarily fueled by its resilient tobacco business. Despite facing regulatory hurdles, Altria has maintained profitability, delivering significant returns to its investors. Additionally, the company is actively pursuing growth opportunities within the cannabis sector and alternative nicotine products, paving the way for future expansion and diversification.
Wall Street Analysts' Forecast
With insights from 12 analysts, Altria Group Inc (MO, Financial) has a one-year average price target of $56.90. Predictions vary between a high of $73.00 and a low of $46.00, equating to a potential downside of 2.16% from its current price of $58.16. For a deeper dive into these estimates, visit the Altria Group Inc (MO) Forecast page.
The consensus from 14 brokerage firms places Altria Group Inc (MO, Financial) at an average recommendation of 2.7, reflecting a "Hold" status. This rating is part of a scale from 1 to 5, where 1 denotes a Strong Buy and 5 represents a Sell.
According to GuruFocus estimates, the projected GF Value for Altria Group Inc (MO, Financial) in the coming year is $47.46. This indicates a potential downside of 18.4% from its current trading price of $58.16. The GF Value is GuruFocus' assessment of the stock's fair trading value, derived from its historical trading multiples, past business growth, and future business performance forecasts. For more comprehensive information, consult the Altria Group Inc (MO) Summary page.
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