In a report issued on April 4, Nik Modi from RBC Capital maintained a Buy rating on Constellation Brands (STZ – Research Report), with a price target of $300.00. The company’s shares closed last Tuesday at $230.34.
According to TipRanks.com, Modi is a 5-star analyst with an average return of 12.1% and a 66.9% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.
Currently, the analyst consensus on Constellation Brands is a Strong Buy with an average price target of $280.08, representing a 22.9% upside. In a report issued on March 21, Wells Fargo also maintained a Buy rating on the stock with a $275.00 price target.
Constellation Brands’ market cap is currently $44.54B and has a P/E ratio of -307.18.
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.
Read More on STZ: