Citigroup Maintains Constellation Brands to Neutral with Price Target $168.00

Brokerage firm Citigroup Maintains its rating on Constellation Brands(NYSE:STZ). In a research note issued to the investors, the brokerage major Raises the price-target to $168.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Apr 11, 2016.

In a different note, On Mar 14, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Constellation Brands. The shares have been rated ‘Buy’ by the firm.

Constellation Brands (STZ) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.08% at a volume of 12,90,566. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $157.27. The peak price level was also seen at $157.27 while the days lowest was $155.53. Finally the shares closed at $156.71. The 52-week high of the shares is $160.39 while the 52-week low is $114.49. According to the latest information available, the market cap of the company is $31,223 M.

Constellation Brands(STZ) last announced its earnings results on Jan 7, 2016 for Fiscal Year 2016 and Q3.Earnings per share were $1.42.

Several Insider Transactions has been reported to the SEC. On Jan 28, 2016, William F. Hackett (Exec Vice President) sold 12,700 shares at $148.18 per share price.Also, On Jan 28, 2016, Thomas J Mullin (Exec. VP & Gen. Counsel) sold 100,000 shares at $148.83 per share price.On Jan 21, 2016, David Eric Klein (Exec Vice Pres. & CFO) sold 30,000 shares at $145.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Constellation Brands Inc. is an international beverage alcohol company. The Company’s operating segments 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. The Company’s 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 Company’s Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge Alberta.

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