Constellation Brands Inc (NYSE:STZ) saw a downside of -0.17% to close Friday at $256.03 after subtracting -$0.44 on the day. The 5-day average trading volume is 772,200 shares of the company’s common stock. It has gained $263.66 in the past week and touched a new high 2 times within the past 5 days. An average of 779,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 897,110.
STZ’s 1-month performance is -2.30% or -$1.29 on its low of $255.91 reached on 09/22/23. The company’s shares have touched a 52-week low of $208.12 and high of $273.65, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, STZ has achieved 10.48% or $24.28 and has reached a new high 23 times. However, the current price is down -6.44% from the 52-week high price.
Insider Transactions
STZ stock investors last saw insider trading activity on Aug 04.Hernandez Ernesto M (Director) most recently sold 5,086 shares at $269.00 per share on Aug 04. This transaction cost the insider $1,368,121. EVP & Chief Legal Officer, Bourdeau James O., sold 30,723 shares at a price of $269.00 on Aug 03. Then, on Jul 24, Director MCCARTHY DANIEL J sold 1,736 shares at a price of $269.86 per share. This transaction amounted to $468,479.
Valuation Metrics
STZ stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.89 while the price-to-book (PB) in the most recent quarter is 5.47, with the price to cash flow ratio at 30.31.
Constellation Brands Inc’s quick ratio for the period ended May 30 was 0.53, with the current ratio over the same period at 1.14. As well, the company’s long term debt to equity for the quarter ending May 30 was 1.28, while the total debt to equity was 1.44. In terms of profitability, the gross margin trailing 12 months is 50.60%. The trailing 12-month EBITDA margin is 36.66% while for the period ending May 30, Constellation Brands Inc’s operating margin was 31.32%. The firm’s gross profit as reported stood at $4.77 billion against revenue of $9.45 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -186.61% to $135.9 million, while revenue of $223.0 million was -64.09% off the previous quarter. Analysts expected STZ to announce $2.83 per share in earnings in its latest quarter, but it posted $2.91, representing a 2.80% surprise. EBITDA for the quarter stood at more than $873.4 million. STZ stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 15.85 billion, with total debt at $12.36 billion. Shareholders hold equity totaling $183.32 million.
Let’s look briefly at Constellation Brands Inc (STZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 35.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.98%.
The stock’s 5-day moving average is $259.02, reflecting a -1.66% or -$4.31 change from its current price. STZ is currently trading -0.87% above its 20-day SMA, +11.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.30% and SMA200 by+0.46%.
Stochastic %K and %D was 25.64% and 43.35% and the average true range (ATR) pointed at 3.46. The RSI (14) points at 39.93%, while the 14-day stochastic is at 1.55% with the period’s ATR at 3.31. The stock’s 9-day MACD Oscillator is pointing at -1.77 and -1.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Constellation Brands Inc (NYSE: STZ), JP Morgan reiterated its an Overweight rating for the company but lifted their price target by $276 to $307. Analysts offering their rating for STZ stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate STZ as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 15 have offered a “buy” rating.
What is STZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $243.00 and a high of $315.00, with their median price target at $297.50. Looking at these predictions, the average price target given by analysts is for Constellation Brands Inc (STZ) stock is $292.51.
