Constellation Brands Could See Full Recovery To Pre-Covid Level

Constellation Brands Could See Full Recovery To Pre-Covid Level

KIEV, UKRAINE - 2018/12/29: In this photo illustration, the Constellation Brands Winery company ... [+] logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)



LightRocket via Getty Images

We believe there may be a decent opportunity with Constellation Brands stock (NYSE: STZ) at the present time. STZ trades at $182 currently and is in fact down 3% so far this year. It traded at a pre-Covid high of $205 in February, and it is still 11% below that level now. STZ stock has gained around 74% from the low of $105 seen in March 2020, more than the S&P 500 which is up 45%. STZ stock has outperformed the market following the US government announcing a string of