What’s Next for Constellation Brands, Inc. (STZ) After Forming Multiple Top Chart Pattern?

April 25, 2018 - By Dolores Ford

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.10, from 1.14 in 2017Q3. It is positive, as 43 investors sold Constellation Brands, Inc. shares while 243 reduced holdings. 97 funds opened positions while 257 raised stakes. 140.30 million shares or 2.61% less from 144.05 million shares in 2017Q3 were reported.
At Commercial Bank has 17,813 shares. Private Na invested in 0.08% or 1,638 shares. Credit Suisse Ag has invested 0.06% in Constellation Brands, Inc. (NYSE:STZ). Tru Com Of Vermont invested in 206 shares or 0% of the stock. Oregon Public Employees Retirement Fund reported 18,548 shares. 106,472 are owned by Aperio Group Inc Ltd Llc. Atlas Browninc has 0.12% invested in Constellation Brands, Inc. (NYSE:STZ). American Natl Tx has invested 0.81% in Constellation Brands, Inc. (NYSE:STZ). Millennium Management Ltd reported 0.07% stake. Newbrook L P stated it has 7.65% in Constellation Brands, Inc. (NYSE:STZ). Robeco Institutional Asset Bv has 0.05% invested in Constellation Brands, Inc. (NYSE:STZ) for 41,905 shares. Discovery Mngmt Ct has invested 3.44% in Constellation Brands, Inc. (NYSE:STZ). California Pub Employees Retirement Sys owns 391,357 shares. 994 were reported by Farmers Tru Communications. Comml Bank Hapoalim Bm holds 0.07% or 1,410 shares in its portfolio.

Since January 30, 2018, it had 0 insider buys, and 4 insider sales for $6.69 million activity. 6,398 shares were sold by LOCKE JAMES A III, worth $1.47 million. 17,900 shares were sold by Klein David Eric, worth $4.09M on Monday, April 2.

The stock of Constellation Brands, Inc. (STZ) shows a multiple tops pattern with $237.54 target or 5.00 % above today’s $226.23 share price. The 7 months chart pattern indicates low risk for the $44.20B company. It was reported on Apr, 25 by Finviz.com. If the $237.54 price target is reached, the company will be worth $2.21 billion more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.89% or $2.03 during the last trading session, reaching $226.23. About 1.03M shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 33.47% since April 25, 2017 and is uptrending. It has outperformed by 21.92% the S&P500.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on July, 5. They expect $2.49 EPS, up 6.41 % or $0.15 from last year’s $2.34 per share. STZ’s profit will be $486.47M for 22.71 P/E if the $2.49 EPS becomes a reality. After $1.90 actual EPS reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 31.05 % EPS growth.

Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage

Among 11 analysts covering Constellation Brands Inc (NYSE:STZ), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Constellation Brands Inc had 16 analyst reports since November 10, 2017 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, March 23. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) rating on Monday, April 2. RBC Capital Markets has “Buy” rating and $28000 target. The rating was initiated by BMO Capital Markets with “Buy” on Monday, February 5. RBC Capital Markets maintained the stock with “Buy” rating in Friday, November 10 report. The firm earned “Buy” rating on Thursday, December 21 by RBC Capital Markets. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Thursday, March 29 by Cowen & Co. The stock has “Buy” rating by Morgan Stanley on Monday, April 16. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 3 report. Wells Fargo maintained Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, January 4. Wells Fargo has “Buy” rating and $260.0 target. Stifel Nicolaus downgraded Constellation Brands, Inc. (NYSE:STZ) on Tuesday, April 3 to “Hold” rating.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

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