Constellation Brands (NYSE:STZ) had its price target boosted by equities researchers at Evercore ISI from $235.00 to $250.00 in a research report issued to clients and investors on Friday. The firm has "Outperform" rating given on Friday, October 6 by RBC Capital Markets.
A number of other research analysts have also commented on STZ. Zacks Investment Research raised Constellation Brands from a "hold" rating to a "buy" rating and set a $249.00 target price on the stock in a research note on Monday, December 18th. They set an "outperform" rating and a $227.00 target price on the stock. Hanson McClain Inc. lifted its holdings in shares of Constellation Brands by 0.4% in the 2nd quarter. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. On Thursday, June 29 the stock rating was maintained by Pivotal Research with "Buy".
Constellation Brands (NYSE STZ) traded down $5.91 during mid-day trading on Friday, reaching $219.88. Hermes Investment Management Ltd bought 3,943 shares as the company's stock rose 13.40% with the market. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69. Bluestein R H & Company who had been investing in Constellation Brands Cl A for a number of months, seems to be bullish on the $42.29B market cap company. Temporary downside caused buying opportunity with money flow recorded at $15.60M this was driven by Constellation Brands, Inc. up down ratio came in at 1.11X for yesterday with buying at $156.33 M in positive, while buying at dips stood at $140.73 ML, the positive divergence With respect to block trades, money flow index ended at $22.88 ML, investors continued buying stock throughout the day with $27.91 ML through upticks and $5.03 M in buying dips, this typically means traders took advantage of every dip to accumulate. The distillery, founded by Joe and Lesley Heron, has sold a minority equity stake to Constellation Brands, it announced in a news release on Friday.
The company's Average Revenue Estimate for the current quarter is $2.08 Billion, while Low and High Revenue Estimates are $2.05 Billion and $2.11 Billion respectively. The shares were sold at an average price of $210.10, for a total value of $616,643.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The shares were sold at an average price of $208.00, for a total value of $520,000.00. (NYSE:STZ) for 7,307 shares. The disclosure for this sale can be found here.
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Insider trading over the last 12 months, however, paints a different picture. The stock of 3M Company (NYSE:MMM) earned "Underweight" rating by Morgan Stanley on Wednesday, March 30. 28 funds opened positions while 87 raised stakes. Veritable L.P. increased its stake in shares of Constellation Brands by 1.8% during the 2nd quarter. BlackRock Institutional Trust Company N.A. now owns 4,618,946 shares of the company's stock valued at $769,008,000 after buying an additional 123,739 shares during the period. Princeton Portfolio Strategies Group LLC increased its stake in shares of Constellation Brands by 3.3% during the 2nd quarter. Polaris Capital Management Llc sold 889,800 shares as the company's stock rose 18.47% with the market. State Teachers Retirement System stated it has 35,960 shares or 0.01% of all its holdings. A total of 2.77 Million shares exchanged at hands and its Average Volume is 1.32 Million. Credit Suisse maintained Constellation Brands, Inc. Keybank National Association OH now owns 4,700 shares of the company's stock valued at $911,000 after buying an additional 1,071 shares in the last quarter. Finally, Deutsche Bank started coverage on Constellation Brands in a research note on Wednesday, December 13th. WFG Advisors LP now owns 1,364 shares of the company's stock worth $264,000 after purchasing an additional 93 shares during the last quarter. Following the completion of the transaction, the vice president now owns 72,924 shares of the company's stock, valued at approximately $15,825,237.24.
(NYSE:STZ). Howe & Rusling Inc reported 0.9% in Constellation Brands, Inc. If you are reading this article on another domain, it was stolen and reposted in violation of USA and global copyright & trademark law. The correct version of this story can be viewed at https://weekherald.com/2018/01/05/constellation-brands-stz-posts-earnings-results-beats-estimates-by-0-13-eps.html.
Cibc World Markets Corp decreased its stake in Constellation Brands Inc Cl A (STZ) by 61.44% based on its latest 2017Q3 regulatory filing with the SEC.
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