Constellation Brands (STZ) Given Coverage Optimism Rating of 0.32
Media stories about Constellation Brands (NYSE:STZ) have been trending positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a daily sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Constellation Brands, Inc. (STZ) EVP Sells $2,471,644.00 in Stock (americanbankingnews.com)
- Five Strong Buy Stocks to Buy at New Highs (finance.yahoo.com)
- 3 Underfollowed Stocks with Solid Potential (finance.yahoo.com)
- Why Constellation Brands Will Continue to Outperform (finance.yahoo.com)
- Constellation Brands (STZ) Receives Daily Media Impact Score of 0.02 (americanbankingnews.com)
Several brokerages recently weighed in on STZ. Goldman Sachs Group Inc upgraded shares of Constellation Brands from a “buy” rating to a “conviction-buy” rating and reduced their price target for the stock from $200.00 to $168.95 in a research report on Monday. Cowen and Company reiterated an “outperform” rating and set a $195.00 price objective on shares of Constellation Brands in a research report on Monday, April 10th. Wells Fargo & Co reiterated an “outperform” rating on shares of Constellation Brands in a research report on Monday, April 10th. Stifel Nicolaus boosted their price objective on shares of Constellation Brands from $189.00 to $201.00 and gave the company a “buy” rating in a research report on Monday, April 10th. Finally, Credit Suisse Group AG set a $182.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a research report on Saturday, April 8th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Constellation Brands has a consensus rating of “Buy” and an average target price of $182.86.
Constellation Brands (NYSE:STZ) traded down 0.50% during mid-day trading on Friday, reaching $172.09. 992,752 shares of the company were exchanged. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $175.43. The stock has a market capitalization of $33.64 billion, a price-to-earnings ratio of 22.88 and a beta of 0.52. The stock’s 50-day moving average price is $163.78 and its 200-day moving average price is $158.45.
Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, equities research analysts anticipate that Constellation Brands will post $6.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be paid a dividend of $0.52 per share. This is a boost from Constellation Brands’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, May 8th. This represents a $2.08 annualized dividend and a yield of 1.21%. Constellation Brands’s payout ratio is presently 24.73%.
In other Constellation Brands news, Director Barry A. Fromberg sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the completion of the sale, the director now owns 21,520 shares in the company, valued at $3,659,045.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David Eric Klein sold 14,350 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $172.24, for a total value of $2,471,644.00. Following the completion of the sale, the executive vice president now owns 50,572 shares of the company’s stock, valued at approximately $8,710,521.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,904 shares of company stock valued at $9,347,911. 10.63% of the stock is owned by company 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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