Constellation Brands (STZ) Gets a Hold Rating from MKM Partners

In a report released today, William Kirk from MKM Partners maintained a Hold rating on Constellation Brands (STZResearch Report), with a price target of $229.00. The company’s shares closed last Thursday at $239.28.

According to TipRanks.com, Kirk ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.8% and a 43.6% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Albertsons Companies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Brands with a $275.45 average price target, representing a 18.8% upside. In a report issued on March 27, Deutsche Bank also maintained a Hold rating on the stock with a $240.00 price target.

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Constellation Brands’ market cap is currently $44.64B and has a P/E ratio of -309.99.

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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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