Mexican Beer Boom Sends Shares of Constellation Brands Soaring

A look at Constellation Brands’ Excellent Run And Recent M&A Strategy

Constellation Brands, Inc. (STZ) Reaches $173.96 After 4.00% Up Move; Ivory Investment Management LP Has Raised Nxp Semiconductors N V (NXPI) Holding By $42.05 Million

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Investors sentiment is 0.98 in Q4 2016.

The Victor, New York-based company's beer sales, which contributes to about 55 percent of total sales, rose 11 percent in the fourth quarter ended February 28, boosted by higher volumes, better pricing and increased demand for its Ballast Point craft beer. 13,491,095 shares of the stock traded hands. The lowest target is $23 while the high is $30. STZ has recorded a 50-day moving average of $160.21 and a two hundred day average of $158.02. The company has market cap of $33.79 billion. Royal Bank of Canada reissued a "buy" rating and issued a $183.00 price target on shares of Constellation Brands in a report on Friday, March 31st.

The consensus estimates are $7.51 in EPS and $7.66 billion in revenue for the coming fiscal year. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. The stock had been up 5.3 percent this year before Thursday. It is flat, as 74 investors sold Constellation Brands, Inc. shares while 244 reduced holdings. only 93 funds opened positions while 219 raised stakes. Street expectations were for EPS of $1.36.

A number of other research analysts have also commented on STZ.

Shares in Constellations Brands (NASDAQ:STZ) zipped higher on Thursday morning after the wine, beer and spirits seller reported strong fourth quarter earnings. (NYSE:STZ) gapped up by $6.11 today and has $187.84 target or 9.00% above today's $172.33 share price.

Constellation Brands Inc. continued its strong performance in the alcoholic beverage sector, reporting on Thursday that its net sales in the last fiscal year increased 12 percent. The company presently has an average rating of "Hold" and a consensus price target of $65.02. Moreover, First Foundation Advsrs has 0.04% invested 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. (NYSE:STZ). Nomura Hldg Inc has invested 0.01% of its portfolio in Constellation Brands, Inc. Putnam Lc has invested 0.14% in Constellation Brands, Inc.

Even with the good news, the company faces other challenges. The Company operates through three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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