Altria Group Stock Hits New 52-Week High (MO)
NEW YORK (TheStreet) -- Altria Group (NYSE:MO) hit a new 52-week high Wednesday as it is currently trading at $31.31, above its previous 52-week high of $31.27 with 3.7 million shares traded as of 11:40 a.m. ET. Average volume has been 13.3 million shares over the past 30 days.
Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. The company has a P/E ratio of 19, above the average tobacco industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Altria Group Ratings Report.