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Jefferies Thinks Constellation Brands Inc’s Stock is Going to Recover


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 $188.61, close to its 52-week low of $187.34.

Grundy observed:

“STZ remains our top large cap growth idea following our meeting/site visit w/ cannabis industry leader, Canopy Growth (< 40% owned by STZ)."

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.3% and a 60.9% 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 $242.64 average price target.

See today’s analyst top recommended stocks >>

Constellation Brands Inc’s market cap is currently $35.68B and has a P/E ratio of 12.61. The company has a Price to Book ratio of 3.17.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Richard Sands, the COB of STZ sold 148,773 shares for a total of $33,277,690.

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.