Constellation Brands, Inc. (STZ)’s Stock Is Buy After Reaching Record High

July 17, 2017 - By Maria Brooks

Investors sentiment is 0.98 in Q4 2016. Its the same as in 2016Q3. It is flat, as 74 investors sold Constellation Brands, Inc. shares while 244 reduced holdings. only 93 funds opened positions while 219 raised stakes. 144.26 million shares or 0.98% less from 145.68 million shares in 2016Q3 were reported.
Grassi Inv holds 1,700 shares or 0.05% of its portfolio. The California-based Hanson Mcclain Inc has invested 0.01% in Constellation Brands, Inc. (NYSE:STZ). Cornerstone Advisors Incorporated holds 0.01% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 93 shares. Prudential Incorporated invested in 0.06% or 252,721 shares. State Of Tennessee Treasury Department, Tennessee-based fund reported 72,859 shares. Moreover, Cetera Advisor Net Limited Liability has 0.05% invested in Constellation Brands, Inc. (NYSE:STZ). Scott Selber Incorporated reported 2.23% stake. Cantab Capital Partners Limited Liability Partnership has 386 shares. Antipodean Ltd Liability Com reported 39,977 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Corp stated it has 56,400 shares or 0.08% of all its holdings. Intrust State Bank Na owns 4,108 shares. Wealthtrust Axiom Limited Liability Corp holds 0.14% or 2,500 shares. Howard Hughes Medical Institute reported 1.54% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). 554,110 were reported by Sumitomo Mitsui Tru. Kensico Capital Corporation reported 5.84 million shares.

The stock of Constellation Brands, Inc. (NYSE:STZ) reached all time high today, Jul, 17 and still has $215.38 target or 9.00 % above today’s $197.60 share price. This indicates more upside for the $38.80B company. This technical setup was reported by Barchart.com. If the $215.38 PT is reached, the company will be worth $3.49 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 1.82 million shares traded or 32.85% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since July 17, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.

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

Among 20 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Constellation Brands had 53 analyst reports since August 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 7 by Goldman Sachs. The company was upgraded on Wednesday, February 1 by HSBC. Argus Research maintained Constellation Brands, Inc. (NYSE:STZ) on Friday, October 2 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, April 11 by Wells Fargo. The firm earned “Outperform” rating on Monday, November 23 by Cowen & Co. The rating was maintained by RBC Capital Markets on Thursday, October 8 with “Outperform”. On Thursday, October 8 the stock rating was maintained by Argus Research with “Buy”. The rating was reinitiated by Barclays Capital with “Overweight” on Thursday, December 17. On Friday, April 7 the stock rating was maintained by UBS with “Neutral”. As per Wednesday, January 4, the company rating was upgraded by Bank of America.

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Nasdaq.com which released: “Constellation Brands Ahead of Industry: What’s Driving It?” on July 14, 2017, also Seekingalpha.com with their article: “Susquehanna still cautious on Constellations Brands” published on June 26, 2017, Seekingalpha.com published: “Argus hikes estimates on Constellation Brands” on July 05, 2017. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Nasdaq.com and their article: “Earnings Reaction History: Constellation Brands Inc., 45.5% Follow-Through …” published on June 29, 2017 as well as Seekingalpha.com‘s news article titled: “Constellation Brands: A Classic ‘Buy-The-Dip’ Stock” with publication date: July 11, 2017.

Constellation Brands, Inc. is an international beverage alcohol company. The company has market cap of $38.80 billion. The Firm is a producer and marketer of beer, wine and spirits with activities in the United States, Canada, Mexico, New Zealand and Italy. It has a 26.15 P/E ratio. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other.

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