Constellation Brands Inc (STZ) : 7 brokerage houses believe that Constellation Brands Inc (STZ) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Constellation Brands Inc (STZ). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.35.
Constellation Brands Inc (STZ) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $200 and the lowest price target forecast is $170. The average forecast of all the analysts is $181.7 and the expected standard deviation is $8.62.
Constellation Brands Inc (NYSE:STZ): The stock opened at $165.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $166.95 for the day. The stock traded down to $165.03 during the day, due to lack of any buying support eventually closed down at $165.34 with a loss of -0.34% for the day. The stock had closed at $165.90 on the previous day. The total traded volume was 1,767,590 shares.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Constellation Brands Inc (NYSE:STZ). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $162 per share to $168 per share. The rating by the firm was issued on April 12, 2016.
Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys 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. The Companys customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.