Constellation Brands (STZ) Gets a Hold from Piper Sandler
In a report released today, Michael Lavery from Piper Sandler maintained a Hold rating on Constellation Brands, with a price target of $160.00.
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According to TipRanks, Lavery is a 4-star analyst with an average return of 3.9% and a 47.83% success rate. Lavery covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Tyson Foods, and Keurig Dr Pepper.
Constellation Brands has an analyst consensus of Moderate Buy, with a price target consensus of $177.61.
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. Last 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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- Constellation Brands price target lowered to $174 from $190 at TD Cowen
- Constellation Brands price target lowered to $152 from $154 at BofA
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