Constellation Brands (NYSE:STZ) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $9.20-9.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.43.
Shares of Constellation Brands stock opened at $172.34 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.76. Constellation Brands has a 1 year low of $156.25 and a 1 year high of $236.62. The company has a market cap of $31.57 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.70 and a beta of 0.38.
STZ has been the subject of several research reports. HSBC upgraded Constellation Brands from a hold rating to a buy rating in a research report on Monday. They noted that the move was a valuation call. Susquehanna Bancshares raised shares of Constellation Brands from a negative rating to a neutral rating and set a $174.00 target price for the company in a research note on Monday. Jefferies Financial Group reaffirmed a buy rating and issued a $289.00 target price on shares of Constellation Brands in a research note on Wednesday, October 17th. Zacks Investment Research cut shares of Constellation Brands from a buy rating to a hold rating in a research note on Friday, December 7th. Finally, Morgan Stanley set a $259.00 target price on shares of Constellation Brands and gave the stock a buy rating in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $241.88.
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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 provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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