In a report issued on May 24, Timothy Ramey from Pivotal Research maintained a Buy rating on Constellation Brands Inc (STZ), with a price target of $265. The company’s shares closed on Friday at $198.68.
According to TipRanks.com, Ramey is a 4-star analyst with an average return of 6.7% and a 54.7% success rate. Ramey covers the Consumer Goods sector, focusing on stocks such as Post Holdings Inc, Brown-Forman B, and Flowers Foods.
Currently, the analyst consensus on Constellation Brands Inc is a Moderate Buy with an average price target of $225.30.
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Based on Constellation Brands Inc’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of $1.24 billion. In comparison, last year the company earned revenue of $1.77 billion and had a net profit of $926 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Robert Sands, the COB of STZ sold 65,611 shares for a total of $13,551,428.
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.
Constellation Brands, Inc. engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other. The Beer segment includes imported and craft beer brands.
