RBC Capital Remains a Buy on Constellation Brands (STZ)
In a report released yesterday, Nik Modi from RBC Capital maintained a Buy rating on Constellation Brands, with a price target of $185.00.
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According to TipRanks, Modi is an analyst with an average return of -2.5% and a 48.60% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, The Hershey Company, and Coca-Cola.
In addition to RBC Capital, Constellation Brands also received a Buy from Goldman Sachs’s Bonnie Herzog in a report issued on June 3. However, yesterday, Barclays maintained a Hold rating on Constellation Brands (NYSE: STZ).
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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- Constellation Brands price target lowered to $174 from $190 at TD Cowen
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