Constellation Brands Stock Rating Reaffirmed by JPMorgan Chase & Co. (STZ)
Constellation Brands (NYSE:STZ)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a $95.00 price target on the stock, up from their previous price target of $82.00. JPMorgan Chase & Co.’s price target points to a potential upside of 5.03% from the stock’s previous close.
STZ has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Constellation Brands in a research note on Thursday. They now have a $100.00 price target on the stock, up previously from $93.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Constellation Brands from $90.00 to $113.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Constellation Brands from $100.00 to $102.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $90.56.
Shares of Constellation Brands (NYSE:STZ) traded up 0.36% on Thursday, hitting $90.78. 685,340 shares of the company’s stock traded hands. Constellation Brands has a 52 week low of $49.32 and a 52 week high of $94.77. The stock has a 50-day moving average of $84.39 and a 200-day moving average of $80.27. The company has a market cap of $17.411 billion and a P/E ratio of 9.20. Constellation Brands also was the recipient of some unusual options trading activity on Tuesday. Investors bought 4,444 put options on the stock. This represents an increase of 621% compared to the typical daily volume of 616 put options.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results 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.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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