MKM Partners analyst William Kirk maintained a Sell rating on Constellation Brands Inc (NYSE:STZ) on Thursday, setting a price target of $151, which is approximately 17.24% below the present share price of $182.46.
Kirk expects Constellation Brands Inc to post earnings per share (EPS) of -$0.94 for the third quarter of 2020.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Constellation Brands, with an average price target of $202.06.
The analysts price targets range from a high of $238 to a low of $151.
In its latest earnings report, released on 05/31/2020, the company reported a quarterly revenue of $1.96 billion and a net profit of $635 million. The company's market cap is $35.41 billion.
According to TipRanks.com, MKM Partners analyst William Kirk is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -4.9% and a 42.28% success rate.
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.