Constellation shines after earnings beat and strong outlook

Posted April 07, 2017

Finally, Stifel Nicolaus reiterated a "buy" rating and set a $189.00 price target on shares of Constellation Brands in a report on Sunday, January 8th. The rating was downgraded by Suntrust Robinson to "Hold" on Friday, October 28. (NYSE:STZ). At the time of writing, the First Call consensus price target for the company is $177.82.

Shares of Constellation Brands (STZ) were gaining by 5.18% to $161.40 in pre-market trading on Thursday, after the alcoholic beverage company reported better than expected fiscal 2017 fourth quarter results. Ivory Investment Management Lp acquired 429,052 shares as Nxp Semiconductors N V (NXPI)'s stock declined 4.62%.

"We bought back [1.1 billion] of our own stock at average price of about $151 and here we sit today at the moment at $171, so it's looking like a good decision", Sands said. The stock has a 50-day moving average of $160.05 and a 200-day moving average of $158.00. OTR Global lowered shares of Constellation Brands to a "positive" rating in a report on Tuesday, March 28th. (NYSE:STZ). Stifel, a Missouri-based fund reported 56,954 shares.

Sales were $1.63 billion, up from sales of $1.54 billion a year ago. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%.

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In the 12 months to February 2017, the United States drinks group's reported net sales reached US$7.3 billion, while reported operating income grew 36% to US$2.4bn. During the same quarter previous year, the firm earned $1.42 earnings per share.

Since the beginning of the calendar year, the stock is 5.56%.

Total sales for the quarter came in US$1.63bn, slightly ahead of the US$1.59bn Wall Street analysts had forecast. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. (NYSE:STZ). Nomura Hldg Inc has invested 0.01% of its portfolio in Constellation Brands, Inc. Marietta Investment Partners LLC increased its position in shares of Constellation Brands by 13.6% in the third quarter. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $175.43. Constellation Brands would be especially vulnerable to a House Republican proposal to impose a border adjustment tax on imported goods, given its Mexican beer portfolio. The Company is focused on women's intimate and other apparel, personal care and beauty categories. Constellation Brands remains her top beverage stock pick, she said.

The wine, liquor and beer company posted revenue of $1.79 billion in the period. The Company's divisions include Beer, Wine and Spirits, and Corporate Operations and Other.