Jefferies Keeps Their Buy Rating on Constellation Brands Inc (STZ)

By Austin Angelo

In a report released yesterday, Kevin Grundy from Jefferies maintained a Buy rating on Constellation Brands Inc (STZResearch Report), with a price target of $258. The company’s shares closed yesterday at $159.88, close to its 52-week low of $150.37.

Grundy wrote:

“STZ confidently outlined the attractive growth story still ahead at its beer segment update in Chicago (1/16).”

According to, Grundy is a 4-star analyst with an average return of 5.1% and a 59.7% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Interlink Electronics, Inc., and Edgewell Personal Care.

Constellation Brands Inc has an analyst consensus of Moderate Buy, with a price target consensus of $206.50, which is a 29.2% upside from current levels. In a report issued on January 4, Wells Fargo also reiterated a Buy rating on the stock with a $260 price target.

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The company has a one-year high of $236.62 and a one-year low of $150.37. Currently, Constellation Brands Inc has an average volume of 2.54M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Robert Sands, the CEO of STZ sold 151,060 shares for a total of $33,785,954.

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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. The Beer segment includes imported and craft beer brands.