Corona maker Constellation's quarterly revenue rises 5.5 pct

Reuters

The price target according to the broker shows a possible decrease of -7.93% from the current stock price of 171.6.

As for the coming year which started on March 1, Constellation is targeting an EPS of between US$7.70 and US$8.

Propelled by strong growth in both beer and premium wine and spirits, Constellation Brands posted a 12% net sales increase to $7.3 billion in its fiscal year ended in February. The Blue Harbour Group Lp holds 5.42 million shares with $257.81M value, up from 4.48M last quarter. The stock has an average rating of "Buy" and a consensus price target of $179.40. (NYSE:STZ). Archon Ptnrs Ltd Liability Corporation holds 8,900 shares or 0.36% of its portfolio. Trading volume may be a very important factor for any investor. The stock has a 50-day moving average of $50.61 and a 200 day moving average of $63.38. Over the same time span, the stock marked US$173.55 as its best level and the lowest price reached was US$144.

L Brands (NYSE:LB) traded up 10.51% during mid-day trading on Thursday, hitting $47.63. For the past 5 years, the company's revenue has grown 19%, while the company's earnings per share has grown 14.8%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion.

The analysts expected the firm to report full-year earnings per share of $6.64 on sales of $7.3 billion.

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WARNING: "Constellation Brands, Inc". If you are accessing this story on another site, it was stolen and republished in violation of USA and worldwide trademark & copyright law.

A number of equities research analysts have commented on the stock.

In related news, VP F Paul Hetterich purchased 752 shares of the stock in a transaction on Friday, January 13th.

The number of Constellation Brands, Inc. shares in issue is 196,057,000 which have a current share price of 171.78 bringing Constellation Brands, Inc.'s market capitalisation to 33.68B United States dollars.

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Since January 13, 2017, it had 1 buy, and 0 sales for $111,766 activity. 4,397,116 shares of the stock traded hands.

In an analyst rating update on Thursday shares of Constellation Brands, Inc. It has underperformed by 10.98% the S&P500.The move comes after 6 months positive chart setup for the $34.11B company. In the fourth quarter, profit came in at $1.48 a share, topping the projection of $1.36.

Constellation Brands, Inc.is an worldwide beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy.

"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".

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