Constellation Brands Given New $78.00 Price Target at DA Davidson (STZ)
Stock analysts at DA Davidson lifted their target price on shares of Constellation Brands (NYSE:STZ) to $78.00 in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 29.68% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Constellation Brands (NYSE:STZ) in a research note to investors on Friday. They now have a $65.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Constellation Brands (NYSE:STZ) from $64.00 to $69.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Constellation Brands (NYSE:STZ) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $70.00 price target on the stock, up previously from $55.00. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.36.
Constellation Brands (NYSE:STZ) traded up 2.34% during mid-day trading on Friday, hitting $61.56. 2,751,789 shares of the company’s stock traded hands. Constellation Brands has a 52-week low of $28.37 and a 52-week high of $60.59. The stock has a 50-day moving average of $56.7 and a 200-day moving average of $52.20. The company has a market cap of $11.602 billion and a price-to-earnings ratio of 30.75.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 108.9% on a year-over-year basis. Analysts expect that Constellation Brands will post $2.83 EPS for the current fiscal year.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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