Constellation Brands Inc Received its Third Buy in a Row

By Ryan Adsit

After Morgan Stanley and RBC Capital assigned a Buy rating to Constellation Brands Inc in the last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Christopher Growe reiterated a Buy rating on Constellation Brands Inc (NYSE: STZ) yesterday and set a price target of $201. The company’s shares closed yesterday at $184.57, close to its 52-week high of $186.55.

According to, Growe is a 5-star analyst with an average return of 10.4% and a 71.4% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Mondelez International, and Lamb Weston Holdings.

Currently, the analyst consensus on Constellation Brands Inc is Strong Buy and the average price target is $197.11, representing a 6.8% upside.

In a report issued on June 9, Morgan Stanley also reiterated a Buy rating on the stock with a $204 price target.

Constellation Brands Inc’s market cap is currently $35.92B and has a P/E ratio of 27.31. The company has a book value ratio of 5.2119.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, James Locke, a Director at STZ sold 6,340 shares for a total of $1,097,074.

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Constellation Brands, Inc. engages in the production, marketing and distribution of beverage alcohol products. It operates through the following business segments: Beer, Wine and Spirits, and Corporate Operations & Other. The Beer segment includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria. The Wine and Spirits segment produces and markets premium wine including table wine, sparkling wine, and dessert wine; and imports SVEDKA Vodka. The Corporate Operations & Other segment comprises of traditional corporate-related items including executive management, corporate development, corporate finance, human resource, internal audit, investor relations, legal, public relation, and information technology. The company was founded by Marvin Sands in 1945 and is headquartered in Victor, NY.,000CN7-E