Stifel Nicolaus Releases a Buy Rating on Altria Group

By Austin Angelo

In a report released today, Christopher Growe from Stifel Nicolaus assigned a Buy rating to Altria Group (NYSE: MO), with a price target of $72. The company’s shares opened today at $66.94.

According to TipRanks.com, Growe is a 5-star analyst with an average return of 9.8% and a 71.7% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Mondelez International.

Currently, the analyst consensus on Altria Group is Moderate Buy and the average price target is $72.50, representing an 8.3% upside.

In a report issued on July 27, Piper Jaffray also reiterated a Buy rating on the stock with a $76 price target.

The company has a one year high of $77.79 and a one year low of $60.01. Currently, Altria Group has an average volume of 6.36M.

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.