RBC Capital analyst Nik Modi maintained a Buy rating on Constellation Brands (NYSE:STZ) on Monday, setting a price target of $300, which is approximately 33.51% above the present share price of $224.7.
Modi expects Constellation Brands to post earnings per share (EPS) of $2.00 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Constellation Brands, with an average price target of $267.42.
The analysts price targets range from a high of $305 to a low of $219.
In its latest earnings report, released on 02/28/2021, the company reported a quarterly revenue of $1.95 billion and a net profit of $540.4 million. The company's market cap is $43.33 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.5% and a 71.80% success rate.
Founded in 1945, Constellation Brands, Inc. is engaged in the production, marketing, and distribution of beer, wine, and spirits in the United States, Mexico, New Zealand, and Italy. The company's iconic beer brands include Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra and Pacifico. Its premium wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.