Morgan Stanley maintains Constellation Brands Inc. [STZ] at an Overweight rating with a $240 price target

Morgan Stanley maintained its Constellation Brands Inc. [NYSE:STZ]‎ rating to the equivalent of ‎Overweight but changed the price target ‎to $240, in a research note dated December 31, 2020. That ‎figure represents around a 9.98% ‎premium ‎from where the company’s shares closed on Wednesday.‎ ‎Some new ‎analysts also started their coverage, with Wells Fargo’s analysts assigning the shares to ‎‎”an ‎Overweight” rating in a research note to investors issued in early December. Meanwhile, ‎Morgan ‎Stanley had raised its rating on STZ to “an Overweight” from the earlier “an Equal-weight”, in ‎a ‎research note produced for clients November 03, 2020. In addition, there was a downgrade ‎from ‎Atlantic Equities on October 14, 2020. The rater changed STZ from “an Overweight” to “a ‎Neutral”.

Get the hottest stocks to trade every day before the market ‎opens 100% ‎free. Click here now. ‎‎

Is Constellation Brands Inc. ‎‎[NYSE:STZ] a Good Buy Right Now?

It should be noted that STZ ‎technical indicators for short, ‎intermediate as well as long term progress have placed an overall ‎average of 100% as Buy. The average ‎signal changed from 100% Buy in the last week and compares ‎with 100% Buy in the past month. Data ‎from Constellation Brands Inc.’s Trend Spotter indicated that ‎the signals were Weakest. The stock ‎current average is 0.98 million shares in the past 20 days and the ‎short term average signal indicates a ‎‎100% Buy. In the last 50 days, the average trading volume was ‎‎1.07 million shares while the medium ‎term average advocated for 100% Buy. The average long-term ‎signal stands at 100% Buy and the 100-‎day average volume stands at 1.04 million shares.‎‎

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market

STZ Price Performance

On Wall Street, ‎Constellation Brands Inc. [NYSE:STZ] finished ‎Wednesday’s session up 0.35% at $218.21. The stock ‎went up to $219.78 at the same session while its ‎lowest single day price was $217.01. In the last five ‎days, it saw a rise of about 2.47%, Constellation ‎Brands Inc. shares gained by almost 15.00% since the ‎beginning of the year. However, the share price ‎has dropped to as low as -0.81% below its one year ‎high. On 12/29/20, the company shares recorded ‎‎$220.00, the highest single-day price it has got to in ‎the last 52-weeks and a 52-week low was seen on ‎‎03/23/20, the same year at $104.28. The company’s ‎shares have inclined by 15.00% in the past year. ‎The 50-day SMA achieved is $199.49 while the 200-day ‎SMA is $179.12. Volume dropped to 0.43 million ‎from 0.69 million in the previous session.‎‎‎

Constellation Brands Inc. [STZ] Valuation Measures

Notably, Constellation Brands Inc. ‎‎[STZ] ‎stock cannot be classified as a good candidate in the listing of underestimated low-priced ‎Beverages – ‎Wineries & Distilleries companies to purchase soonest possible with the prevailing 12-‎month PE ratio ‎of 40.80. The measure means the stock is exchanging at a premium as compared to the ‎‎25.19x trailing ‎earnings of the industry. It can be helpful for investors to consider historical price-sales ‎ratio, more ‎specifically, a 5.16 PS value ratio is reported for the last one year of reported earnings. That ‎is higher ‎than the industry average of 1.98 which means STZ serve an unattractive investment ‎opportunity ‎compared to its competitors.‎‎

STZ Stock Support And Resistance Levels

On the ‎‎24-hour scale, the immediate backing is ‎perceived around 216.89 level, and in case of violation of this ‎particular level, it will cause more drop to ‎‎215.56 level. On the upper level, 221.10 is still the key ‎resistance. The stock may increase to the ‎subsequent resistance at 219.66. The Relative Strength Index ‎‎(RSI) pinned on the 14-day chart is 63.50, ‎implying a neutral technical stance while the MACD stands at ‎‎4.09, meaning price will increase in the ‎next trading period. Percent R indicator moved to 11.52%, ‎implying bullish price movement. Stochastic ‎‎%K at 88.19% suggest selling the stock.‎‎

What is the ‎short interest in Constellation Brands Inc.?

Short interest in the Constellation ‎Brands Inc. stock ‎has surged, increasing by 1.67 million shares to total 3.85 million shares on Dec 14, ‎‎2020. The interest ‎had seen shares on Nov 12, 2020 stand at 5.52 million, data from Yahoo Finance ‎shows. The decrease ‎of -43.38% suggests the stock saw some decreased bullish sentiment. The stock’s ‎days to cover (short ‎ratio) moved to while the shorted shares account for just 2.37% of the overall ‎float for the stock.‎‎‎

Constellation Brands Inc.’s Biggest Shareholders: Who Owns Constellation Brands ‎Inc. ‎‎[STZ]?

Filings by Capital Research & Management Co showed that the firm now holds a total ‎of ‎‎12,242,989 shares or roughly 7.22% of the outstanding STZ shares. This means their shares ‎have ‎reduced by -554,728 from the 12,242,989 the investor reportedly held in its prior 13-F filing. With ‎the ‎conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $2,422,825,723. Details in ‎the ‎latest 13F filings reveal that SSgA Funds Management, Inc. disposed off their -1.75% stake valued ‎at ‎‎$1,526,445,630 while BlackRock Fund Advisors cut theirs at $1,388,649,747. During the last ‎quarter, ‎SSgA Funds Management, Inc. liquidated -132,279 of its shares in Constellation Brands Inc. ‎while ‎BlackRock Fund Advisors sold -156,365 shares. The Wellington Management Co. LLP’s ‎holdings ‎currently number 5,670,710 shares at $1237405629.1. According to the firm’s last 13F report, ‎JPMorgan ‎Investment Management, I shares in the company at filing stood at 4,637,118 shares, ‎roughly ‎‎$954,504,369.‎‎

STZ Earnings Forecast For The Current Quarter

Constellation Brands ‎Inc. [STZ] is expected to ‎report strong earnings results for the quarter ending on Nov 2020. Consensus ‎estimates give the ‎company expected revenues of $2.23B and an earnings per share of $2.39 for Nov ‎‎2020. Looking ‎further ahead, the company is expected to report revenue of $1.98B at an EPS of $2 for ‎Feb 2021. ‎‎

Get the hottest stocks to trade every day before the market ‎opens 100% ‎free. Click here now. 

STZ Earnings Estimates For The ‎Current ‎Year

For the financial year, Constellation Brands Inc. [NYSE:STZ] is expected to bring in ‎revenue ‎of $8.38B. The returns are nearly $40.0 million higher than the company’s actual revenue ‎recorded in ‎the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 9.42, higher than that of ‎FY20 by ‎‎$0.3. Estimates put this year’s earnings growth at 3.30%, 8.10% for the next, and at an annual ‎‎8.80% ‎over the next 5-year period. As for sales, forecasts are for an increase of 0.40% in the current ‎fiscal ‎year and a further 0.10% over the following year.‎

Most Popular

Related posts