Even with the good news, the company faces other challenges. Analysts have also given a consensus recommendation on the stock of 2.10. These excellent results were driven by solid performance for every brand in our portfolio, which resulted in Constellation being the #1 growth contributor to the US beer industry for the year.
In the a year ago Constellation Brands, Inc.'s stock price has increased by 8.23% from 158.72 to 171.78.
The company, which sells Corona, Modelo and other top Mexican brands, posted a 17 percent gain in beer sales last quarter. The stock has an average rating of "Buy" and a consensus price target of $179.40. Trading volume may be a very important factor for any investor. The businesses 50 day moving average is 160.21 and its 200 day moving average is 158.02. Over the same time span, the stock marked US$173.55 as its best level and the lowest price reached was US$144. OTR Global lowered shares of Constellation Brands to a "positive" rating in a report on Tuesday, March 28th. (NYSE:STZ) is a huge mover today! (STZ.B) on Thursday reported fiscal fourth-quarter earnings of $452 million.
Excluding certain items, Constellation earned $1.48 per share, ahead of analysts' average estimate of $1.36 per share. The firm's quarterly revenue was up 10.4% compared to the same quarter past year. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. This is better than the Street analysts expectations of $7.51 a share. (NYSE:STZ). Nomura Hldg Inc has invested 0.01% of its portfolio in Constellation Brands, Inc. If you are reading this piece on another domain, it was illegally copied and republished in violation of global trademark and copyright legislation.
The news sent its stock price to a record high. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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A number of institutional investors have recently added to or reduced their stakes in STZ.
L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 22nd. Shares have gained about 13% in 2017, while the S&P 500 has gained 5%. Miura Global Management LLC increased its position in shares of Constellation Brands by 14.3% in the third quarter.
Currently, the stock carries a price to earnings ratio of 30.04, a price to book ratio of 4.21, and a price to sales ratio of 6.43. Company insiders own 10.63% of the company's stock. FBR & Co set a $69.00 price objective on shares of L Brands and gave the company a "hold" rating in a research report on Sunday, January 8th. Constellation's Ballast Point Brewing & Spirits, which it acquired for $1 billion in 2015, also helped boost revenue.
"Our wine and spirits business achieved strong earnings growth and margin expansion driven by our fast-growing, high-margin Focus Brands, which collectively delivered depletion growth of 9% for the year".