Constellation Brands (STZ) Receiving Somewhat Favorable Media Coverage, Analysis Shows

News coverage about Constellation Brands (NYSE:STZ) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.0246885058325 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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STZ has been the subject of a number of analyst reports. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price target for the company in a research note on Monday, December 18th. Deutsche Bank initiated coverage on Constellation Brands in a research note on Wednesday, December 13th. They set a “buy” rating and a $244.00 price target for the company. SunTrust Banks reiterated a “buy” rating and set a $250.00 price target (up previously from $230.00) on shares of Constellation Brands in a research note on Monday, January 8th. Societe Generale upgraded Constellation Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Finally, Pivotal Research lifted their price target on Constellation Brands from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $240.34.

NYSE:STZ opened at $227.92 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $42,931.61, a P/E ratio of 26.60, a P/E/G ratio of 1.24 and a beta of 0.14. Constellation Brands has a 12 month low of $160.53 and a 12 month high of $231.83.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, March 29th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. Constellation Brands’s revenue was up 8.5% on a year-over-year basis. sell-side analysts expect that Constellation Brands will post 8.55 EPS for the current year.

Constellation Brands announced that its Board of Directors has initiated a share repurchase plan on Friday, January 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $220.42, for a total transaction of $441,942.10. Following the sale, the director now owns 20,790 shares of the company’s stock, valued at approximately $4,582,531.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.59% of the company’s stock.

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About Constellation Brands

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 sells wine across various categories, including table wine, sparkling wine, and dessert wine. 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.

Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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