The stock of Constellation Brands, Inc. (NYSE:STZ) hit a new 52-week high and has $208.77 target or 23.00% above today’s $169.73 share price. The 8 months bullish chart indicates low risk for the $34.12 billion company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $208.77 price target is reached, the company will be worth $7.85B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.23 million shares traded hands or 20.59% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 15.35% since March 2, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.
Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage
Out of 16 analysts covering Constellation Brands (NYSE:STZ), 11 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 69% are positive. Constellation Brands has been the topic of 28 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Buy” on Thursday, April 7. The firm has “Outperform” rating given on Wednesday, December 16 by RBC Capital Markets. The company was maintained on Wednesday, September 16 by FinnCap. The rating was initiated by Wells Fargo on Tuesday, April 5 with “Outperform”. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) on Monday, January 11 with “Buy” rating. Argus Research maintained the shares of STZ in a report on Friday, October 2 with “Buy” rating. The firm earned “Buy” rating on Monday, December 7 by Argus Research. Cowen & Co upgraded the shares of STZ in a report on Monday, November 23 to “Outperform” rating. The company was maintained on Thursday, April 7 by JP Morgan. SunTrust upgraded the shares of STZ in a report on Monday, March 14 to “Buy” rating.
According to Zacks Investment Research, “Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands, with a broad portfolio across the wine, spirits and imported beer categories. The Company is the largest multi-category supplier of beverage alcohol in the United States; a leading producer and exporter of wine from Australia and New Zealand; and both a major producer and independent drinks wholesaler in the United Kingdom. Well-known brands in Constellation’s portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Black Velvet, and Fleischmann’s.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.38, from 1.34 in 2016Q1. The ratio dropped, as 47 funds sold all Constellation Brands, Inc. shares owned while 262 reduced positions. 75 funds bought stakes while 222 increased positions. They now own 148.38 million shares or 7.97% less from 161.23 million shares in 2016Q1.
Thompson Siegel And Walmsley Limited Liability holds 0.01% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 2,102 shares. Cornerstone Management Hldg Ltd Limited Liability Company has 0.08% invested in the company for 56,865 shares. Advantus Cap owns 17,545 shares or 0.08% of their US portfolio. Skylands Limited Liability, a Wisconsin-based fund reported 12,800 shares. Moreover, Paloma Prtnrs Management Commerce has 0.03% invested in Constellation Brands, Inc. (NYSE:STZ) for 18,463 shares. Andra Ap reported 23,000 shares or 0.1% of all its holdings. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.16% in Constellation Brands, Inc. (NYSE:STZ). Dnb Asset As last reported 0% of its portfolio in the stock. Sumitomo Mitsui Trust has 621,411 shares for 0.18% of their US portfolio. Ladenburg Thalmann Services Inc accumulated 10,283 shares or 0.03% of the stock. Korea Invest Corporation has invested 0.36% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Acadian Asset Mgmt Ltd Liability last reported 58 shares in the company. Delta Lloyd Nv holds 11,882 shares or 0.07% of its portfolio. Aqr Capital holds 0.14% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 471,017 shares. Moreover, Balasa Dinverno Foltz Limited Liability Corporation has 0.09% invested in Constellation Brands, Inc. (NYSE:STZ) for 3,012 shares.
More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Wsj.com which released: “Constellation Brands Acquires High West Distillery for $160 Million” on October 04, 2016, also Fool.com with their article: “Key Items to Watch When Constellation Brands, Inc. Reports Earnings” published on September 26, 2016, Schaeffersresearch.com published: “Buzz Stocks: Constellation Brands, Inc., Twitter Inc, and Acacia …” on October 05, 2016. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Wsj.com and their article: “Constellation Brands Eyes $1 Billion Sale of Canadian Wine Business” published on September 30, 2016 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For October 5, 2016” with publication date: October 05, 2016.
STZ Company Profile
Constellation Brands, Inc., incorporated on December 4, 1972, is an international beverage alcohol company. The Firm is a producer and marketer of beer and wine the United States and Canada. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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