Constellation Brands Inc. Hits New 52-Week High at $64.58 (STZ)
Constellation Brands (NYSE:STZ) set a new 52-week high during mid-day trading on Monday, AmericanBankingNews.com reports. The stock traded as high as $64.58 and last traded at $64.38, with a volume of 840,451 shares. The stock had previously closed at $64.33.
STZ has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Constellation Brands from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $66.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Constellation Brands from $53.00 to $66.00 in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Constellation Brands from $70.00 to $78.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, nine 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 $59.55.
In other Constellation Brands news, VP John A. Wright sold 40,000 shares of the stock on the open market in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $63.25, for a total transaction of $2,530,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Constellation Brands has a 1-year low of $28.37 and a 1-year high of $64.35. The stock has a 50-day moving average of $59.10 and a 200-day moving average of $53.34. The company has a market cap of $12.197 billion and a price-to-earnings ratio of 6.90.
Constellation Brands (NYSE:STZ) last announced its earnings results 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.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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