Altria continues gains for seven straight sessions
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Altria Group (NYSE:MO) shares continued seven straight sessions of gains, as the stock closed 0.4% to $53.22 on Wednesday.
The tobacco giant gained 3% in the preceding six sessions. The stock has gained nearly 32% so far this year, compared to the over 17% rise in the broader S&P 500 Index.
MO is up 5% over the past one month. The stock closed 0.6% higher on Tuesday at $53.01. The stock closed flat on August 19.
Looking at Seeking Alpha’s Quant Rating, MO has a Hold rating with a score of 3.42 out of 5. The company received A+ in the prospect of profitability, while it got a D- in growth.
Turning to the Wall Street community, six analysts gave MO a Buy and above. Six analysts have given the stock a Hold recommendation, and two recommended Sell and lower.
Seeking Alpha analysts are bullish and see the stock as a Buy.
“The company’s solid operational performance, low valuation, and high dividend yield make it an attractive investment option for income-oriented investors,” said Seeking Alpha analyst Jonathan Weber.
Another Seeking Alpha analysis noted if MO’s management continues to execute on its strategy and expand NJOY into more stores, its share price will reflect positively, giving current investors additional upside.