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RBC Capital Maintains a Buy Rating on Constellation Brands (STZ)

RBC Capital analyst Nik Modi maintained a Buy rating on Constellation Brands (STZResearch Report) on June 27 and set a price target of $300.00. The company’s shares closed last Tuesday at $245.52.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 9.5% and a 63.8% 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 Moderate Buy with an average price target of $271.92, which is a 9.4% upside from current levels. In a report issued on June 21, Morgan Stanley also maintained a Buy rating on the stock with a $298.00 price target.

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Constellation Brands’ market cap is currently $46.83B and has a P/E ratio of -585.33.

Based on the recent corporate insider activity of 38 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. Most recently, in April 2022, Jeremy Fowden, a Director at STZ sold 7,574 shares for a total of $1,820,569.

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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