Constellation Brands Inc (NYSE: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.
Shares of Constellation Brands Inc. rose by 6.03% in the last five trading days and 7.54% for the last 4 weeks. Constellation Brands Inc. is up 8.6% in the last 3-month period. Year-to-Date the stock performance stands at 16.66%. Also, Brokerage firm Citigroup maintains its rating on Constellation Brands Inc (NYSE:STZ). As per the latest information, the brokerage house raises the price target to $168 per share from a prior target of $162. The shares have been rated Neutral. The rating by the firm was issued on April 12, 2016.
Constellation Brands Inc (NYSE:STZ) : 7 brokerage houses believe that Constellation Brands Inc (NYSE:STZ) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Constellation Brands Inc (NYSE:STZ). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 11 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Constellation Brands Inc (NYSE:STZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $164.40 and $162.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $166.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $165.40, notching a gain of 3.77% for the day. The total traded volume was 4,467,692 . The stock had closed at $159.39 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Wandell Keith E, director of Constellation Brands, Inc., had unloaded 6,517 shares at an average price of $155.11 in a transaction dated on May 19, 2016. The total value of the transaction was worth $1,010,852.
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.