Constellation Brands PT Raised to $102.00 (STZ)
Research analysts at RBC Capital raised their price objective on shares of Constellation Brands (NYSE:STZ) from $100.00 to $102.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 12.77% from the company’s current price.
A number of other analysts have also recently weighed in on STZ. Analysts at Societe Generale raised their price target on shares of Constellation Brands from $77.00 to $85.00 in a research note on Thursday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $86.56.
Constellation Brands (NYSE:STZ) opened at 90.45 on Thursday. 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 $17.348 billion and a price-to-earnings ratio of 8.99. Constellation Brands also was the recipient of some unusual options trading on Tuesday. Stock traders purchased 4,444 put options on the company. This represents an increase of 621% compared to the average daily volume of 616 put options.
Constellation Brands (NYSE:STZ) last released its 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. On average, analysts predict that Constellation Brands will post $4.12 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.