82.56 +0.01 (0.01%)
After hours: 4:27PM EDT
|Bid||82.01 x 1200|
|Ask||82.65 x 800|
|Day's Range||80.89 - 82.75|
|52 Week Range||76.21 - 115.28|
|PE Ratio (TTM)||20.04|
|Forward Dividend & Yield||4.56 (5.75%)|
|1y Target Est||N/A|
Altria, like other tobacco stocks, has had a tough 2018, but it can still raise prices—a critical factor as sales volumes decline, argues Wells Fargo.
Winnebago Industries (NYSE:WGO) has had to deal with tough headwinds. What’s more, even the millennial generation has become a big part of the business, which involves a trend called “glampers.” Note that a big part of WGO’s revenues come from the Towable segment, which has become popular with this demographic (the company recently purchased boat builder Chris-Craft). Back in May, Symantec (NASDAQ:SYMC) stock plunged more than a third because of news that the company’s audit committee had launched an investigation.
Can We Expect an Upside Potential in Altria Stock? Of the 16 analysts covering Altria Group (MO), 62.5% are recommending a “buy” as of September 17, while the remaining 37.5% are recommending a “hold.” None of the analysts are recommending a “sell.” That same day, analysts set an average price target of $66.59, which represents a return potential of 6.7% from the stock price of $62.44. Since the announcement of Altria’s second-quarter earnings on July 26, Stifel and Jefferies have both lowered their target prices.
Can We Expect an Upside Potential in Altria Stock? For the next four quarters, analysts are expecting Altria Group (MO) to post EPS of $4.17, which represents a 10.6% growth from $3.77 in the corresponding four quarters of the previous year. EPS growth could likely be driven by revenue growth, expansion of net margins, and share repurchases.
Can We Expect an Upside Potential in Altria Stock? For the next four quarters, analysts are expecting Altria Group (MO) to post revenues of $19.8 billion, which represents a 2.1% growth from $19.39 billion in the corresponding four quarters of the previous year. Altria is focusing on innovative product development and packaging, enhanced trade programs, and various marketing and promotional initiatives to drive sales.
As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since the announcement of its second-quarter earnings on July 26. On September 12, Scott Gottlieb, commissioner of the FDA, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached epidemic proportions. The e-cigarette market is dominated by JUUL, which had 72% of the market share as of mid-August, according to Wells Fargo analyst Bonnie Herzog.
By Burkett Huey | Associate Equity Analyst Most of our Ultimate Stock-Pickers have never been mistaken for dividend investors. That said, a handful of them-- Amana Trust Income AMANX , Columbia Dividend Income LBSAX , Oakmark Equity & Income OAKBX , and Parnassus Equity Income PRBLX --are more focused on finding income-producing stocks rather than capital appreciation.
The FDA announces directives to curb e-cigarette usage among youngsters. Though this caused tobacco stocks to gain recently, it is yet to be seen if the upside can be sustained.
Philip Morris International Inc. (PM), British American Tobacco PLC (BTI), Westpac Banking Corp. (WBK) and National Grid PLC (NGG) have declined to their three-year lows. The prices of Philip Morris International Inc. (PM) shares have declined to $79.33 on Sept. 14, which is only 3.9% above the 3-year low of $76.21. Philip Morris International Inc. is an American international cigarette and tobacco manufacturing company best known for its Marlboro brand.
TURIN, Italy (AP) — The heir to Fiat's founding family paid an emotional farewell to Sergio Marchionne, the late CEO of Fiat Chrysler Automobiles telling mourners Friday that "he taught all of us ... to have the courage to change."
A Food and Drug Administration crackdown on e-cigarettes could be a boost for big tobacco, Piper Jaffray's Michael Lavery says. Any move to slow or stop the migration of smokers to vaping products would benefit big tobacco, Lavery says, plus tobacco companies' investments in vaping haven't yet reached profitability. A Food and Drug Administration crackdown on e-cigarettes could be a boost for big tobacco, Piper Jaffray's Michael Lavery told CNBC on Thursday.
The burgeoning popularity of e-cigarettes among young smokers has caused traditional cigarette industry players a great deal of trouble by eating into their market share. As regulators threatened to pull e-cigarettes from shelves if they do not address "widespread" teen use, shares of Altria Group Inc. ( MO), Philip Morris International Inc. ( PM), British American Tobacco Inc. ( BTI) and London-listed Imperial Brands, all closed up over 3%.
On September 12, Scott Gottlieb, the FDA commissioner, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached an epidemic proportion. The FDA is considering a policy change that would expel e-cigarette products from the market.
The FDA is considering taking a more aggressive approach toward cubing e-cigarette use, and tobacco stocks are jumping.
Stocks of big tobacco companies jumped higher on Wednesday after the Food and Drug Administration said it is considering banning all flavored e-cigarettes. "The disturbing and accelerating trajectory of use we're seeing in youth, and the resulting path to addiction, must end,” FDA Commissioner Scott Gottlieb said in a statement. The FDA is sending letters to e-cigarette manufacturers Juull, Vuse, MarkTen, blu e-cigs and Logic and asking them to respond in 60 days with plans to reduce teen use or face having products pulled.
Tobacco company shares rose in active Wednesday morning trade after the Food and Drug Administration chief said that the agency might ban all flavored e-cigarettes due to their popularity among teenagers, which he said had reached "an epidemic proportion." British American Tobacco shares rose 6.3% in extremely heavy Wednesday trade, Altria Group Inc. shares rose 7% in extremely active trade and Philip Morris International Inc. stock rose nearly 5% in heavy trade. FDA Commissioner Scott Gottlieb said earlier this year that though many smokers may use e-cigarettes to smooth the quitting process, he was concerned about young people using the products, particularly the popular brand Juul, which sells such flavors as "crème brulée" and "cool cucumber." Though one Juul pod is roughly equal to a pack of cigarettes when it comes to nicotine strength, only a minority of young people who were familiar with or had recently used the Juul knew that it contained the addictive stimulant, according to one peer-reviewed study. The regulator said on Wednesday that it has asked Juul and others to respond with sufficient plans to reduce teen use, warning them that they chance a ban. The FDA had previously requested information about marketing practices and youth use from Juul's manufacturer and makers of similar products in early June. British American Tobacco shares have dropped 24.6% year-to-date, Altria shares dropped 10.8% and Philip Morris shares dropped 23.5%, compared with a 7.9% year-to-date rise in the S&P 500 and a 5.2% rise in the Dow Jones Industrial Average .
The FDA is considering restricting e-cigarette manufacturers from selling flavored nicotine liquid or making the products undergo an agency review.
Investors need to pay close attention to Philip Morris (PM) stock based on the movements in the options market lately.