Constellation Brands (NYSE:STZ) was upgraded by equities researchers at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $65.00 target price on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 17.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.82.
Constellation Brands (NYSE:STZ) opened at 55.18 on Tuesday. Constellation Brands has a 52 week low of $28.37 and a 52 week high of $56.00. The stock has a 50-day moving average of $53. and a 200-day moving average of $50.13. The company has a market cap of $10.399 billion and a price-to-earnings ratio of 28.21.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, July 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.03. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $674.24 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Constellation Brands will post $2.83 earnings per share for the current fiscal year.
In other Constellation Brands news, Director Mark Zupan unloaded 4,661 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $54.69, for a total value of $254,910.09. The transaction was disclosed in a document filed with the SEC, which is available at 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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