Constellation Brands Price Target Raised to $66.00 at JPMorgan Chase & Co. (STZ)
Research analysts at JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands (NYSE:STZ) from $53.00 to $66.00 in a report released on Friday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 6.50% from the company’s current price.
Constellation Brands (NYSE:STZ) traded up 3.03% during mid-day trading on Friday, hitting $61.97. 4,634,616 shares of the company’s stock traded hands. Constellation Brands has a one year low of $28.37 and a one year 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 $11.679 billion and a P/E ratio of 30.75.
Constellation Brands (NYSE:STZ) last released its earnings data on Thursday, October 3rd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. Constellation Brands’s revenue was up 108.9% compared to the same quarter last year. Analysts expect that Constellation Brands will post $2.83 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of Constellation Brands (NYSE:STZ) from $70.00 to $78.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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, down previously from $70.00. Finally, 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. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.55.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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