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Constellation Brands (NYSE:STZ) saw an uptick in trading volume on Wednesday following a better than expected earnings announcement, Stock Ratings News reports. 4,151,646 shares were traded during trading, an increase of 177% from the previous session’s volume of 1,501,282 shares.The stock last traded at $91.00 and had previously closed at $88.38.

The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.14. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 126.7% on a year-over-year basis.

A number of analysts have recently weighed in on STZ shares. 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 issued a hold rating and five have given a buy rating to the stock. Constellation Brands has an average rating of “Hold” and an average price target of $82.89.

The stock has a 50-day moving average of $84.22 and a 200-day moving average of $80.20. The company has a market cap of $17.430 billion and a price-to-earnings ratio of 8.99. Constellation Brands also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 4,444 put options on the company. This represents an increase of approximately 621% compared to the typical volume of 616 put options.

Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.

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