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Altria Group (MO) stock forecast for 2024
Updated: May 1, 2024 (10:19)
Sector: Consumer defensiveThe share price of Altria Group, Inc. (MO) now
50/200 Day Moving Average: $42.19 / $42.19
This figure corresponds to the Average Price over the previous 50/200 days. For Altria Group stocks, the 50-day moving average is the resistance level today.
For Altria Group stocks, the 200-day moving average is the resistance level today.
Are you interested in Altria Group, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Altria Group stock price in 2024. How much will one Altria Group share be worth in 2024? Is it worth taking profit / loss on MO stock now or waiting? What are analysts' forecasts for Altria Group stock?
We forecast Altria Group stock performance using neural networks based on historical data on MO stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Altria Group, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Altria Group analysts is $43.52. Today 200 Day Moving Average is the resistance level (42.19 $). 50 Day Moving Average is the resistance level (42.19 $).
Historical and forecast chart of Altria Group, Inc. stock
The chart below shows the historical price of Altria Group stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the MO stock price can be found in the table below.
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Altria’s Stock Forecast 2024: Navigating Through Uncertainty
As investors look towards the future, the question on many minds is, “is Altria a good stock to buy?” Given Altria’s (MO) history as a dividend-paying giant and its impressive track of rewarding investors, it seems like a compelling option. However, forecasting Altria stock rates, especially for 2024, involves understanding the myriad of factors that influence the stock market, making precision a challenge.
Key Influences on MO Stocks in 2024
The MO stock forecast for 2024 appears influenced by several critical factors. Firstly, the company’s aggressive shift towards smoke-free products amidst declining cigarette volumes is pivotal. As MO embraces these innovations, the impact on its stock price hinges on consumer acceptance and market performance of these smoke-free alternatives. Additionally, Altria’s commitment to reducing its dividend obligation through a $1 billion share buyback could significantly modify the financial landscape. This strategic move not only showcases confidence in its operational stability and financial health but also potential for capital appreciation.
On the downside, MO stock buy or sell decisions in 2024 will grapple with the expected increase in marketing expenses and the possible impact on profit margins as the company transitions towards new product lines. Moreover, MO’s investment in NJOY with expectations of substantial results by the second half of 2024, and its option to monetize its stake in Anheuser-Busch InBev, provide intriguing scenarios for investors.
To answer the question, “Is MO a good stock to buy,” investors should closely monitor Altria’s adaptation to regulatory changes, its ability to maintain dividends in light of smoke-free product investments, and its overall performance against sector peers. While the MO stock forecast and Altria stock predictions present a cautiously optimistic view, investors are reminded to temper expectations considering the volatile nature of market transitions. Ultimately, discerning if MO stocks rate change significantly in 2024 involves closely watching how these strategic shifts play out in the highly competitive and regulatory landscape of the tobacco industry.
Altria Group (MO) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jun | 45.13 | 43.52 | 46.52 | 6.45 % |
| Jul | 44.81 | 43.56 | 46.85 | 7.03 % |
| Aug | 44.12 | 43.23 | 45.57 | 5.15 % |
| Sep | 44.09 | 43.07 | 44.80 | 3.86 % |
| Oct | 41.04 | 39.05 | 42.16 | 7.36 % |
| Nov | 42.04 | 40.45 | 43.25 | 6.46 % |
| Dec | 43.31 | 41.28 | 45.61 | 9.50 % |
Altria Group information and performance
6601 WEST BROAD STREET, RICHMOND, VA, US
Market capitalization of the Altria Group, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MO shares in the company outstanding by the market price of one share.
EBITDA of Altria Group is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Altria Group price target for 2024 by month
Target values for the price of one Altria Group share for Jun 2024.
In Jun, the Positive dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 6.451% volatility is expected.
Pessimistic target level: 43.52
Optimistic target level: 46.52
Target values for the price of one Altria Group share for Jul 2024.
In Jul, the Negative dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 7.030% volatility is expected.
Pessimistic target level: 43.56
Optimistic target level: 46.85
Target values for the price of one Altria Group share for Aug 2024.
In Aug, the Negative dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 5.150% volatility is expected.
Pessimistic target level: 43.23
Optimistic target level: 45.57
Target values for the price of one Altria Group share for Sep 2024.
In Sep, the Negative dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 3.858% volatility is expected.
Pessimistic target level: 43.07
Optimistic target level: 44.80
Target values for the price of one Altria Group share for Oct 2024.
In Oct, the Negative dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 7.359% volatility is expected.
Pessimistic target level: 39.05
Optimistic target level: 42.16
Target values for the price of one Altria Group share for Nov 2024.
In Nov, the Positive dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 6.465% volatility is expected.
Pessimistic target level: 40.45
Optimistic target level: 43.25
Target values for the price of one Altria Group share for Dec 2024.
In Dec, the Positive dynamics for Altria Group, Inc. shares will prevail with possible monthly volatility of 9.504% volatility is expected.
Pessimistic target level: 41.28
Optimistic target level: 45.61
Altria Group (MO) stock dividend
Altria Group last paid dividends on 03/22/2024. The next scheduled payment will be on 04/30/2024. The amount of dividends is $3.88 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
