Constellation Brands Inc Receives a Buy from RBC Capital

By Carrie Williams

RBC Capital analyst Nik Modi reiterated a Buy rating on Constellation Brands Inc (NYSE: STZ) today and set a price target of $183. The company’s shares opened today at $151.69.

According to, Modi is a 1-star analyst with an average return of -3.1% and a 51.4% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Estee Lauder Companies, Edgewell Personal Care, and Monster Beverage Corp.

Constellation Brands Inc has an analyst consensus of Moderate Buy, with a price target consensus of $183.50.

Based on Constellation Brands Inc’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $2.02 billion and quarterly net profit of $359 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $302 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Thomas Mullin, the Exec. VP & Gen. Counsel of STZ sold 9,516 shares for a total of $1,583,653.

Constellation Brands, Inc. engages in the production, marketing and distribution of beverage alcohol products. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other. The Beer segment includes Coreona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo, Victoria, and Ballast Point brands. 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 and 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.