RBC Capital Upgrades Altria Group to Hold

By Jason Carr

Altria Group (NYSE: MO) received a Hold rating from RBC Capital analyst Nik Modi today. The company’s shares closed on Friday at $66.94.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 7.6% and a 72.8% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Energizer Holdings Inc.

Currently, the analyst consensus on Altria Group is Moderate Buy and the average price target is $75.60, representing a 12.9% upside.

In a report issued on July 27, Cowen & Co. also reiterated a Hold rating on the stock with a $78 price target.

Based on Altria Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.07 billion and quarterly net profit of $1.99 billion. In comparison, last year the company earned revenue of $4.88 billion and had a net profit of $1.65 billion.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, 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.