Constellation Brands Stock Rating Upgraded by Goldman Sachs Group Inc. (STZ)
Goldman Sachs Group Inc. upgraded shares of Constellation Brands (NYSE:STZ) from a neutral rating to a buy rating in a report released on Tuesday, TheFlyOnTheWall.com reports. Goldman Sachs Group Inc. currently has $65.00 price objective on the stock.
Constellation Brands (NYSE:STZ) opened at 56.01 on Tuesday. Constellation Brands has a 52-week low of $28.37 and a 52-week high of $56.22. The stock has a 50-day moving average of $53.49 and a 200-day moving average of $50.17. The company has a market cap of $10.556 billion and a P/E ratio of 28.63.
A number of other firms have also recently commented on STZ. Analysts at TheStreet reiterated a buy rating on shares of Constellation Brands (NYSE:STZ) in a research note to investors on Friday, July 19th. Separately, analysts at Zacks reiterated a neutral rating on shares of Constellation Brands (NYSE:STZ) in a research note to investors on Wednesday, July 17th. They now have a $55.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $52.82.
In other Constellation Brands news, Director Mark Zupan unloaded 4,661 shares of the company’s stock on the open market in a transaction dated Thursday, August 29th. The stock was sold at an average price of $54.69, for a total transaction of $254,910.09. Following the completion of the transaction, the director now directly owns 20,604 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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