BMO Capital Sticks to Its Buy Rating for Constellation Brands (STZ)

BMO Capital analyst Andrew Strelzik maintained a Buy rating on Constellation Brands (STZResearch Report) today and set a price target of $290.00. The company’s shares opened today at $241.87.

Strelzik covers the Services sector, focusing on stocks such as Wendy’s, Noodles & Co, and Dave & Busters Entertainment. According to TipRanks, Strelzik has an average return of 6.1% and a 60.75% success rate on recommended stocks.

Constellation Brands has an analyst consensus of Strong Buy, with a price target consensus of $279.31, implying a 15.48% upside from current levels. In a report released on August 9, Jefferies also maintained a Buy rating on the stock with a $315.00 price target.

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STZ market cap is currently $46.18B and has a P/E ratio of 39.43.

Based on the recent corporate insider activity of 30 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, Daniel J. McCarthy, a Director at STZ sold 1,682.00 shares for a total of $415,100.78.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1945, Constellation Brands, Inc. is engaged in the production, marketing, and distribution of beer, wine, and spirits in the United States, Mexico, New Zealand, and Italy. The company’s iconic beer brands include Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra and Pacifico. Its premium wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

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