MKM Partners Keeps Their Buy Rating on Constellation Brands (STZ)


In a report released today, William Kirk from MKM Partners reiterated a Buy rating on Constellation Brands (STZ), with a price target of $216.00. The company’s shares closed last Friday at $132.17.

According to TipRanks.com, Kirk is ranked #5071 out of 6217 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Brands with a $194.47 average price target, representing a 44.0% upside. In a report issued on April 1, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $165.00 price target.

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The company has a one-year high of $214.48 and a one-year low of $104.28. Currently, Constellation Brands has an average volume of 1.92M.

Based on the recent corporate insider activity of 32 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 February 2020, James Locke, a Director at STZ sold 8,298 shares for a total of $1,696,941.

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 and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points. The Corporate Operations and Other segment comprises of costs of executive management, corporate development, corporate finance, human resources, internal audit, investor relations, legal, public relations and information technology. The Canopy segment consists of canopy equity method Investments. The company was founded by Marvin Sands in 1945 and is headquartered in Victor, NY.

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