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TD Cowen Remains a Buy on Constellation Brands (STZ)

Tipranks - Wed Jul 1, 5:26PM CDT

TD Cowen analyst Robert Moskow maintained a Buy rating on Constellation Brands today and set a price target of $174.00.

End of Quarter Sale - 70% Off

According to TipRanks, Moskow is an analyst with an average return of -0.5% and a 43.78% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as Clorox, Once Upon a Farm, PBC, and Monster Beverage.

In addition to TD Cowen, Constellation Brands also received a Buy from Wells Fargo’s Christopher Carey in a report issued yesterday. However, on June 25, J.P. Morgan assigned a Hold rating to 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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