Evercore ISI Keeps Their Buy Rating on Constellation Brands (STZ)

By Austin Angelo

Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Constellation Brands (STZResearch Report) today and set a price target of $235.00. The company’s shares closed last Monday at $183.71.

According to TipRanks.com, Ottenstein is a 3-star analyst with an average return of 2.5% and a 62.2% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, The Estée Lauder Companies, and Anheuser-Busch Inbev Sa.

Currently, the analyst consensus on Constellation Brands is a Strong Buy with an average price target of $228.08, representing a 23.5% upside. In a report issued on November 22, Credit Suisse also reiterated a Buy rating on the stock with a $228.00 price target.

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Constellation Brands’ market cap is currently $34.92B and has a P/E ratio of 47.84. The company has a Price to Book ratio of 3.07.

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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.