In a report released today, Kevin Grundy from Jefferies maintained a Buy rating on Constellation Brands Inc (STZ), with a price target of $289. The company’s shares opened today at $181.27, close to its 52-week low of $180.17.
Grundy said:
“STZ remains our top large cap growth idea post Canopy Growth’s (< 40% owned by Linton's, CAGNY presentation on 12/11 in NYC. Mr. Linton underscored the importance of WEED's scale, global footprint, and its investment in IP (140+ patents filed)/clinical trials to drive its long-term success. STZ's shares offer a compelling risk-reward w/underlying biz trading at ~13.5x EV/EBITDA (ex-Canopy), below inferior growth staples cos. at ~18x."
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.1% and a 61.1% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Edgewell Personal Care, and Monster Beverage Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Brands Inc with a $250 average price target, a 37.9% upside from current levels. In a report issued on December 10, Cowen & Co. also reiterated a Buy rating on the stock with a $260 price target.
.
See today’s analyst top recommended stocks >>
Based on Constellation Brands Inc’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $1.15 billion. In comparison, last year the company had a net profit of $491 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Robert Sands, the CEO of STZ sold 151,060 shares for a total of $33,785,954.
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.
