Constellation Brands Makes New All-Time High After Q4 Beat

A look at Constellation Brands’ Excellent Run And Recent M&A Strategy

A look at Constellation Brands’ Excellent Run And Recent M&A Strategy

$178.80's average target is 2.78% above currents $173.96 stock price.

Victor, Ontario County-based Constellation Brands posted Thursday morning net income attributable to the company of $452 million, or $2.26 a share, versus $243.4 million, or $1.19 a share, a year earlier.

Constellation Brands, Inc. has 196,057,000 shares which are now outstanding with a price of 171.6 calculating Constellation Brands, Inc.'s market capitalisation to 33.64B Dollars. A rating of 4 or 5 would indicate a Sell. The stock presently has an average rating of "Buy" and a consensus target price of $178.22. The company has a market capitalization of $33.63 billion, a P/E ratio of 26.54 and a beta of 0.52. Current price levels see the company 7.34% off the 20-day simple moving average. OTR Global lowered shares of Constellation Brands to a "positive" rating in a report on Tuesday, March 28th. (NYSE:STZ). First Midwest Natl Bank Tru Division has 21,021 shares. The business earned $4.49 billion during the quarter, compared to analyst estimates of $4.51 billion. FBR & Co set a $69.00 price objective on shares of L Brands and gave the company a "hold" rating in a research report on Sunday, January 8th. (STZ) saw its shares spike about 5% in pre-market trading on Thursday after reporting its highly anticipated fiscal 2017 full-year and fourth-quarter earnings results. The stock had been up 5.3 percent this year before Thursday.

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Constellation Brands outlined its fiscal 2018 earnings forecast, projecting adjusted earnings per share of $7.70-$8.00 and GAAP earnings of $7.65-$7.95. The shares were purchased at an average cost of $148.62 per share, for a total transaction of $111,762.24.

Zacks Rank: Currently, Constellation Brands carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. Bahl & Gaynor Inc. boosted its stake in shares of Constellation Brands by 0.7% in the third quarter. Marietta Investment Partners LLC increased its position in shares of Constellation Brands by 13.6% in the third quarter.

Constellation upped its quarterly dividend for Class A shares to 52 cents.

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The Victor, New York-based company's beer sales, which contributes to about 55 percent of total sales, rose 11 percent in the fourth quarter ended February 28, boosted by higher volumes, better pricing and increased demand for its Ballast Point craft beer. Ray Gerald L & Associates Ltd. now owns 2,380 shares of the company's stock worth $396,000 after buying an additional 50 shares during the period.

Even with the good news, the company faces other challenges. Moreover, Keybank National Association Oh has 0% invested in Constellation Brands, Inc.

Beer sales increased 17%, and wine and spirits sales rose 6%."Our beer business continues to be a powerhouse for growth". The Company's divisions include Beer, Wine and Spirits, and Corporate Operations and Other.

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The first game was really crucial for me. "But I believe in myself and was confident I could turn it around", Sindhu said later. Marin, meanwhile, has not won a single title ever since her Olympic glory. "I really played well".

The company's wine and spirit sales aren't growing as quickly as beer.

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