Media stories about Constellation Brands, Inc. Class A (NYSE:STZ) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Constellation Brands, Inc. Class A earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.1747536792775 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Marijuana ETF in Canada passes $1 billion in assets as weed stocks light it up (finance.yahoo.com)
- How Big Of a Deal Could Marijuana Be for Constellation Brands? (fool.com)
- October 26th Options Now Available For Constellation Brands (STZ) (nasdaq.com)
- Marijuana Stocks Tumble After Year's Best U.S. IPO Now Looks 'Complex' (finance.yahoo.com)
- Pot-Stock Frenzy Stokes Canopy Growth Shares, Options Volume (finance.yahoo.com)
STZ has been the topic of several analyst reports. Bank of America lowered their price target on shares of Constellation Brands, Inc. Class A from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. ValuEngine downgraded shares of Constellation Brands, Inc. Class A from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Deutsche Bank lowered their price target on shares of Constellation Brands, Inc. Class A to $234.00 and set a “buy” rating on the stock in a report on Thursday, July 5th. Royal Bank of Canada lifted their price target on shares of Constellation Brands, Inc. Class A to $300.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, OTR Global downgraded shares of Constellation Brands, Inc. Class A to a “positive” rating in a report on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $247.19.
STZ stock opened at $211.72 on Friday. Constellation Brands, Inc. Class A has a one year low of $197.32 and a one year high of $236.62. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $40.10 billion, a PE ratio of 24.28, a P/E/G ratio of 1.97 and a beta of 0.03.
Constellation Brands, Inc. Class A (NYSE:STZ) last released its earnings results on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm posted $2.34 EPS. Constellation Brands, Inc. Class A’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts predict that Constellation Brands, Inc. Class A will post 9.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio is presently 10.67%.
About Constellation Brands, Inc. Class A
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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