Constellation Brands Inc. Hits New 52-Week High at $78.40 (STZ)
Shares of Constellation Brands (NYSE:STZ) hit a new 52-week high on Wednesday, Stock Ratings Network.com reports. The company traded as high as $78.40 and last traded at $76.55, with a volume of 6,612,069 shares trading hands. The stock had previously closed at $69.93.
A number of research firms have recently commented on STZ. Analysts at RBC Capital initiated coverage on shares of Constellation Brands in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $86.00 price target on the stock. 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. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $61.75.
Constellation Brands has a 52 week low of $28.37 and a 52 week high of $71.62. The stock has a 50-day moving average of $70.01 and a 200-day moving average of $60.54. The company has a market cap of $14.461 billion and a price-to-earnings ratio of 7.50.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.63 earnings per share. Constellation Brands’s revenue was up 88.2% compared to the same quarter last year. On average, analysts predict that Constellation Brands will post $3.00 earnings per share for the current fiscal year.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.