Bernstein Keeps Their Buy Rating on Constellation Brands (STZ)
Bernstein analyst Nadine Sarwat maintained a Buy rating on Constellation Brands today and set a price target of $197.00.
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Sarwat covers the Consumer Defensive sector, focusing on stocks such as Boston Beer, Molson Coors, and Brown-Forman B. According to TipRanks, Sarwat has an average return of -2.2% and a 45.10% success rate on recommended stocks.
Currently, the analyst consensus on Constellation Brands is a Moderate Buy with an average price target of $178.61.
Based on Constellation Brands’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.92 billion and a net profit of $201.8 million. In comparison, last year the company earned a revenue of $2.16 billion and had a GAAP net loss of $375.3 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STZ in relation to earlier this year. Earlier this month, James O. Bourdeau, the EVP and Senior Advisor of STZ sold 4,407.00 shares for a total of $631,258.68.
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