JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands (NYSE:STZ) from $53.00 to $66.00 in a research note issued on Friday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.50% from the company’s current price.
Shares of Constellation Brands (NYSE:STZ) traded up 3.03% on Friday, hitting $61.97. The stock had a trading volume of 4,620,335 shares. Constellation Brands has a 1-year low of $28.37 and a 1-year high of $60.59. The stock’s 50-day moving average is $56.7 and its 200-day moving average is $52.20. The company has a market cap of $11.679 billion and a price-to-earnings ratio of 30.75.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.71 earnings per share. Constellation Brands’s revenue was up 108.9% compared to the same quarter last year. Analysts expect that Constellation Brands will post $2.83 EPS for the current fiscal year.
A number of other firms have also recently commented on STZ. Analysts at DA Davidson raised their price target on shares of Constellation Brands (NYSE:STZ) from $70.00 to $78.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Constellation Brands (NYSE:STZ) in a research note to investors on Friday. They now have a $65.00 price target on the stock, down previously from $70.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Constellation Brands (NYSE:STZ) from $64.00 to $69.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Constellation Brands presently has a consensus rating of “Buy” and a consensus target price of $58.55.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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