Constellation Brands Price Target Raised to $85.00 at Societe Generale (STZ)
Research analysts at Societe Generale boosted their price objective on shares of Constellation Brands (NYSE:STZ) from $77.00 to $85.00 in a report released on Thursday. The firm currently has a “sell” rating on the stock. Societe Generale’s price target would suggest a potential downside of 6.03% from the stock’s previous close.
Shares of Constellation Brands (NYSE:STZ) traded up 0.75% during mid-day trading on Thursday, hitting $91.125. The stock had a trading volume of 865,529 shares. Constellation Brands has a 52 week low of $49.32 and a 52 week high of $94.77. The stock’s 50-day moving average is $84.39 and its 200-day moving average is $80.27. The company has a market cap of $17.477 billion and a P/E ratio of 9.20. Constellation Brands also was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 4,444 put options on the stock. This is an increase of approximately 621% compared to the average daily volume of 616 put options.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, July 2nd. 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. Analysts expect that Constellation Brands will post $4.19 EPS for the current fiscal year.
A number of other firms have also 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Constellation Brands has an average rating of “Hold” and a consensus price target of $90.56.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.