MO - Altria Group, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
-0.23 (-0.58%)
As of 11:48AM EDT. Market open.
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Intermediate-term KST

Intermediate-term KST

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close39.94
Bid39.72 x 800
Ask39.73 x 900
Day's Range39.69 - 40.44
52 Week Range30.95 - 52.45
Avg. Volume9,798,708
Market Cap73.796B
Beta (5Y Monthly)0.46
PE Ratio (TTM)N/A
EPS (TTM)-0.48
Earnings DateJul 28, 2020
Forward Dividend & Yield3.36 (8.48%)
Ex-Dividend DateJun 12, 2020
1y Target Est47.93
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
-12% Est. Return
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Archrock has operations in the lower 48 states, providing the compression equipment that liquifies natural gas for transport and storage.The economic shutdowns in Q1 forced a decline in demand, and Archrock’s Q1 EPS was a down sharply sequentially, from 27 cents to 12 cents. At the same time, revenues beat both the estimates and the year-ago number. At $249.7 million, the top line was up 5.7% year-over-year.A strong free cash flow and heavy-handed actions to cut costs and shore up liquidity allowed AROC to maintain its dividend payment for Q1, and the company paid out 14.5 cents per share common share back in May. This was unchanged from Q4, and up 10% from the first quarter of 2019. It’s a measure of Archrock’s underlying soundness and commitment to the dividend that the company has kept up the payment even during the corona crisis. At 58 cents per share annualized, AROC's dividend yield is an impressive 8.54%.5-star analyst T J Schultz, of RBC Capital, believes AROC has a firm foundation to move forward. He writes of the stock, “We expect lower associated gas production to have an impact on AROC utilization into 2021, but we think manageable debt leverage and ample dividend coverage provide some flexibility… we think the riskreward is decent at current levels given AROC’s liquidity, lack of near-term debt maturities, and ability to pull additional levers to manage liquidity further if needed.”Schultz’ Buy rating on the stock is supported by an $11 price target, which suggests an impressive 68% upside potential for the year. (To watch Schultz’ track record, click here)Overall, the Strong Buy analyst consensus rating on AROC is unanimous, based on 3 recent Buy reviews. Shares are priced at $6.55, and the $9.17 average price target implies a one-year upside of 40%. (See Archrock stock analysis at TipRanks)Altria Group, Inc. (MO)The next stock on our list is a classic ‘sin stock.’ Altria is a tobacco company, the maker of Marlboro cigarettes. Tobacco companies have a long history of outperforming market downturns, and the reason is psychological. People will make big changes when financial hardship hits. They’ll give up luxuries and large purchases, and even delay home and repairs – but they’ll keep buying small pleasures like cigarettes. It’s a quirk that has helped make MO a strong defensive play even as overall smoking rates decline.A look at the Q1 numbers bears out Altria’s solid position. Revenues and earnings – the top and bottom lines – both beat the estimates. Revenues, at $5.05 billion, were 9% above forecasts, and 15% over the year-ago number. EPS came in at $1.09, 12% higher than expected and up almost 7% year-over-year.Wise diversification from the company has also helped. Altria has taken strong positions the cannabis industry, the vaping sector, and in alcohol, with large-scale investments in Cronos Group, JUUL Labs, and AB InBev. These moves mark a shift for Altria, from pure-play tobacco to the full spectrum of vices.Altria’s sound niche has allowed the company to keep its solid dividend – with a 12-year history of reliable payments and steady growth – up to date. The company declared its next payment for July 10, of 84 cents per common share. This gives and annualized rate of $3.36 per share, and a yield of 8.56%. The 77% payment ratio is high, showing a commitment to returning profits to shareholders – but it also shows that the company can sustain the dividend at current income levels.Piper Sandler analyst Michael Lavery sees Altria’s overall position as favorable, even during the pandemic. He states his belief that “We believe consumption may have actually increased during the pandemic, as smokers spend more time away from offices, restaurants, and places with smoking bans. Lower income consumers have also benefited from increased unemployment benefits and the government stimulus... Altria has a vast database of adult US smokers, and it has data at the zip code level to inform pricing and couponing strategies. Altria can monitor and manage mix with its revenue management system on a very targeted basis.”Lavery’s Buy rating on the stock is backed by his $57 price target, which implies a robust upside for MO shares of 45%. (To watch Lavery’s track record, click here)With 6 Buy ratings set in recent weeks, MO shares have a Strong Buy from the analyst consensus rating. The $54.50 average price target suggests an upside of 39% from the $39.24 current trading price. 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Canadian Fundamentals ImprovingAs one of the first countries to fully legalize recreational marijuana, Canada was due for some operational hiccups in 2018 and 2019.Of note, strict regulations largely limited the number of cannabis retail store openings, leading to a significant shortage of places where consumers could actually buy marijuana. Concurrently, the market suffered from a lack of options, as things like cannabis edibles, vapes and drinks were not available for purchase when the market first legalized. * 10 Robotics Stocks on the Technological Cutting EdgeBoth of these shortcomings have been addressed in 2020.Most of Canada is gradually moving towards an open store licensing process, which will remove a cap on the number of private cannabis stores that can be open. At the same time, the legal market has introduced a slew of cannabis alternatives in 2020, including edibles, vapes and drinks.These changes create a foundation upon which the legal Canadian cannabis market can now sustain big growth over the next few years.As the Canadian market does sustain big growth going forward, this will create a rising tide which will lift all boats in the market, CGC stock included. CGC Stock Is Growing Smart, FinallyCanopy has a new management team which is taking all the right steps to position Canopy for profitable, long-term growth.Specifically, management is reducing Canopy's global reach in an effort to streamline geographic focus in America, Germany and Canada -- the three biggest and most developed commercial cannabis markets. 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Now, they've finally done that.I expect the U.S. business to significantly ramp over the next few years, boosted by potential federal legalization in 2021 or 2022, and for investors to grow increasingly bullish on Canopy's global growth prospects as its U.S. business starts to gain traction.Against that backdrop, CGC stock should move higher. Canopy Growth Stock to $30?Given the aforementioned points -- improving Canadian market growth prospects, a pivot towards higher-margin growth and entry into the U.S. market -- it's easy to see that the optics surrounding Canopy Growth will dramatically improve over the next few quarters.As they do, investors will start to turn their eyes towards the fundamentals.Those fundamentals support a price tag for CGC stock around $40.Canopy Growth is the biggest, deepest pocketed, most well-equipped player in the cannabis market. They reasonably project to be the Altria (NYSE:MO) or Anheuser-Busch (NYSE:BUD) of this space. Those are $100 billion companies. Canopy may not get that big because the cannabis market won't be as big as peer tobacco and alcoholic beverage markets. But it will get very big one day -- much bigger than its current $6.5 billion market cap.Within this mental framework, my modeling suggests that Canopy Growth will hit roughly $10 billion in sales by 2030, with 30% operating margins, and $5 in earnings per share. Based on a forward earnings multiple of 16, which is average for the market, that yields a $100 price target for CGC stock by 2029. Discounted back by 10% per year, that equates to a 2020 price target of about $33 to $34. Bottom Line on CGC StockCGC stock has been on a bumpy ride over the past few years. While this chop is entirely expected from a new, hyper-growth company in a new, hyper-growth market, it increasingly appears that this chop is going to end soon.What comes next? Secular growth. Thanks to improving Canadian market fundamentals, a pivot towards higher-margin growth at the company, and entry into the U.S. market, CGC stock looks ready for a sustainable move higher.And, because of that, now is the perfect time to buy CGC stock.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm.  As of this writing, he was long CGC. The post 4 Reasons Why Now Is the Perfect Time to Buy Canopy Growth Stock appeared first on InvestorPlace.

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