This one is a keeper:Altria Group Inc (NYSE:MO)

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Altria Group Inc (NYSE:MO) stock price is rapidly changing. Analysts at Piper Sandler increased their Q1 2020 earnings per share (EPS) estimates for shares of Altria Group in a research note issued on Wednesday, April 8th. Piper Sandler analyst M. Lavery now anticipates that the company will post earnings per share of $0.99 for the quarter, up from their previous estimate of $0.98.

Piper Sandler currently has a “Overweight” rating and a $57.00 price objective on the stock. Piper Sandler also issued estimates for Altria Group’s Q3 2020 earnings at $1.21 EPS, Q3 2021 earnings at $1.30 EPS and Q4 2021 earnings at $1.14 EPS.

Latest Analyst ratings for MO

Several other brokerages also recently commented on MO. Deutsche Bank cut their price objective on shares of Altria Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Bank of America lowered their target price on shares of Altria Group from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Royal Bank of Canada restated a “buy” rating and set a $68.00 target price on shares of Altria Group in a research note on Monday, March 23rd.

NYSE:MO opened at $40.91 on Friday. Altria Group has a 1-year low of $30.95 and a 1-year high of $57.11. The firm’s 50-day moving average price is $39.66 and its 200-day moving average price is $45.35. The company has a market capitalization of $74.58 billion, a PE ratio of -56.82, a P/E/G ratio of 1.45 and a beta of 0.50. The company has a debt-to-equity ratio of 4.28, a current ratio of 0.59 and a quick ratio of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date is Tuesday, March 24th. Altria Group’s dividend payout ratio (DPR) is currently 79.62%.