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RBC Capital Keeps Their Buy Rating on Constellation Brands (STZ)

Tipranks - Tue Jun 9, 9:00PM CDT

RBC Capital analyst Nik Modi maintained a Buy rating on Constellation Brands on June 5 and set a price target of $185.00. The company’s shares closed yesterday at $140.91.

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According to TipRanks, Modi is an analyst with an average return of -3.0% and a 46.60% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Mondelez International, and The Hershey Company.

Constellation Brands has an analyst consensus of Moderate Buy, with a price target consensus of $177.61, which is a 26.04% upside from current levels. In a report released on June 3, Goldman Sachs also maintained a Buy rating on the stock with a $180.00 price target.

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 24 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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