RBC Capital Keeps a Sell Rating on Altria Group

By Austin Angelo

RBC Capital analyst Nik Modi reiterated a Sell rating on Altria Group (NYSE: MO) yesterday and set a price target of $62. The company’s shares closed yesterday at $74.41, close to its 52-week high of $76.55.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 7.4% and a 71.8% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Spectrum Brands Holdings, and Estee Lauder Companies.

Altria Group has an analyst consensus of Hold, with a price target consensus of $71.

The company has a one year high of $76.55 and a one year low of $60.82. Currently, Altria Group has an average volume of 6.08M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Dinyar Devitre, a Director at MO sold 4,285 shares for a total of $303,035.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.