Somewhat Favorable News Coverage Somewhat Unlikely to Affect Constellation Brands (STZ) Stock Price
Press coverage about Constellation Brands (NYSE:STZ) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.1308385978642 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Constellation Brands Inc (STZ) Rating Reiterated by J P Morgan Chase & Co (americanbankingnews.com)
- Constellation Brands Inc (STZ) Receives “Outperform” Rating from Evercore ISI (americanbankingnews.com)
- Cowen and Company Reaffirms “Outperform” Rating for Constellation Brands Inc (STZ) (americanbankingnews.com)
- Investors Celebrate Constellation Brands Q2 Report And Raised Guidance (benzinga.com)
- UPDATE 1-Constellation Brands brews higher profit, lifts forecast (STZ) (markets.businessinsider.com)
Several research firms have weighed in on STZ. J P Morgan Chase & Co reiterated an “overweight” rating and set a $237.00 target price (up from $220.00) on shares of Constellation Brands in a research report on Friday. Cowen and Company reiterated an “outperform” rating and set a $243.00 target price (up from $230.00) on shares of Constellation Brands in a research report on Friday. Evercore ISI reiterated an “outperform” rating and set a $235.00 target price (up from $230.00) on shares of Constellation Brands in a research report on Friday. Morgan Stanley increased their target price on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Royal Bank Of Canada increased their target price on Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands presently has a consensus rating of “Buy” and a consensus target price of $213.84.
Shares of Constellation Brands (NYSE:STZ) traded up 0.41% during trading on Friday, hitting $210.11. The company had a trading volume of 1,776,910 shares. The firm has a 50 day moving average of $201.11 and a 200 day moving average of $186.94. The stock has a market cap of $41.03 billion, a PE ratio of 26.35 and a beta of 0.04. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40. Constellation Brands also saw unusually large options trading activity on Wednesday. Stock investors bought 8,867 put options on the company. This represents an increase of approximately 667% compared to the average volume of 1,156 put options.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. Constellation Brands’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Constellation Brands will post $8.18 earnings per share for the current fiscal year.
In other Constellation Brands news, EVP David Eric Klein sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $195.50, for a total value of $977,500.00. Following the transaction, the executive vice president now directly owns 45,098 shares in the company, valued at $8,816,659. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William F. Hackett sold 12,517 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total transaction of $2,465,849.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,351 shares of company stock valued at $15,484,172. 15.59% of the stock is currently owned by insiders.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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