Jefferies Begins Coverage on Constellation Brands (NYSE:STZ). What’s Next?

September 8, 2018 - By Carolyn Hewitt

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.06, from 1.24 in 2017Q4. It is negative, as 45 investors sold Constellation Brands, Inc. shares while 256 reduced holdings. 99 funds opened positions while 256 raised stakes. 134.88 million shares or 3.87% less from 140.30 million shares in 2017Q4 were reported.

Affinity Invest Advsr Ltd Com stated it has 1.49% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Moreover, Mckinley Carter Wealth Serv Incorporated has 0.01% invested in Constellation Brands, Inc. (NYSE:STZ) for 86 shares. Raymond James Financial Service has 0.03% invested in Constellation Brands, Inc. (NYSE:STZ) for 20,353 shares. Farmers Trust holds 937 shares. Hap Trading Ltd Liability reported 0.79% in Constellation Brands, Inc. (NYSE:STZ). Tdam Usa Incorporated holds 1,417 shares or 0.02% of its portfolio. Proshare Advsrs Ltd Llc accumulated 38,466 shares. Bridgecreek Investment Management Ltd Limited Liability Company invested 2.04% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). First Foundation Advisors invested 0.01% in Constellation Brands, Inc. (NYSE:STZ). Moors & Cabot reported 6,894 shares stake. First Bancorporation Of Omaha has invested 0.37% in Constellation Brands, Inc. (NYSE:STZ). Ing Groep Nv holds 12,311 shares. Choate Advisors reported 0% in Constellation Brands, Inc. (NYSE:STZ). Provise Management Grp Ltd Liability reported 0.06% stake. 9,750 are held by Paloma Partners Management Com.

Since April 2, 2018, it had 0 insider purchases, and 3 selling transactions for $6.25 million activity. The insider FROMBERG BARRY A sold 3,000 shares worth $687,672. Klein David Eric had sold 17,900 shares worth $4.09 million.

How Jefferies Currently Rates Constellation Brands (NYSE:STZ)

Jefferies started coverage on Constellation Brands (NYSE:STZ) shares recently in a research report sent to investors on Friday morning. The firm has decided to place a “Buy” rating on STZ stock.

Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage

Among 10 analysts covering Constellation Brands (NYSE:STZ), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Constellation Brands has $283 highest and $224 lowest target. $246’s average target is 16.19% above currents $211.72 stock price. Constellation Brands had 15 analyst reports since March 23, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, July 2. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Morgan Stanley on Monday, April 16. The firm has “Buy” rating given on Thursday, August 16 by Bank of America. As per Friday, March 23, the company rating was maintained by Deutsche Bank. Deutsche Bank maintained the shares of STZ in report on Thursday, August 16 with “Buy” rating. The company was maintained on Tuesday, July 3 by Morgan Stanley. The firm has “Negative” rating by Susquehanna given on Monday, August 20. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) rating on Monday, April 2. RBC Capital Markets has “Buy” rating and $28000 target. The firm earned “Hold” rating on Tuesday, April 3 by Stifel Nicolaus. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 3.

The stock increased 1.49% or $3.1 during the last trading session, reaching $211.72. About 2.12 million shares traded or 1.02% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 20.36% since September 8, 2017 and is uptrending. It has outperformed by 7.79% the S&P500.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on October, 4. They expect $2.58 earnings per share, up 4.45 % or $0.11 from last year’s $2.47 per share. STZ’s profit will be $493.85M for 20.52 P/E if the $2.58 EPS becomes a reality. After $2.20 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts 17.27 % EPS growth.

Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company has market cap of $40.53 billion. The firm sells wine across various categories, including table wine, sparkling wine, and dessert wine. It has a 15.88 P/E ratio. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Fool.com which released: “Here’s What Makes Constellation Brands’ Tie-Up With Canopy Growth Corp. So Unique” on August 31, 2018, also Seekingalpha.com with their article: “The Cisco Of Pot” published on August 27, 2018, Benzinga.com published: “Constellation Brands Is Overvalued, Susquehanna Says In Downgrade” on August 20, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Seekingalpha.com and their article: “Interactive Brokers – Steve Sosnick: Thoughts On Marijuana Stocks In Canada” published on August 31, 2018 as well as Seekingalpha.com‘s news article titled: “Buy United Parcel Service – Cramer’s Lightning Round (9/6/18)” with publication date: September 07, 2018.

Constellation Brands, Inc. (NYSE:STZ) Institutional Positions Chart

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