Constellation Brands Hits New 52-Week High at $88.94 (STZ)
Constellation Brands (NYSE:STZ)’s share price reached a new 52-week high on Tuesday , AR Network reports. The stock traded as high as $88.94 and last traded at $88.18, with a volume of 828,257 shares changing hands. The stock had previously closed at $88.13.
A number of research firms have recently commented on STZ. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Constellation Brands in a research note on Thursday, May 29th. They now have a $93.00 price target on the stock, up previously from $90.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Constellation Brands in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Constellation Brands in a research note on Friday, April 11th. They now have a $84.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.89.
The stock’s 50-day moving average is $83.98 and its 200-day moving average is $79.99. The company has a market cap of $16.951 billion and a price-to-earnings ratio of 8.97.
Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 9th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.47 earnings per share. Constellation Brands’s revenue was up 85.5% compared to the same quarter last year. On average, analysts predict that Constellation Brands will post $4.10 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.
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