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STZ

Constellation Brands

$171.95

-0.905 (-0.52%)

, STZ.B

Constellation Brands; also tag STZ

$174.75

(0.00%)

08:07
02/13/19
02/13
08:07
02/13/19
08:07

Constellation Brands trading at 'bargain price,' says Morgan Stanley

Morgan Stanley analyst Dara Mohsenian believes the market is "materially mispricing" Constellation Brands' medium-term revenue growth trajectory, noting that his 5-yr beer revenue growth forecast for the company of 7.3% is well above the roughly 4% market-implied growth expectation. Once the market moves past the near-term potential for below consensus initial FY20 EPS guidance, as Constellation usually tends to be conservative, as well as a potential dilutive low end wine sale, Mohsenian sees scope for a material multiple re-rating, he tells investors. Given his increased conviction in the achievability of his 8.25% 3-yr beer revenue CAGR, the analyst raised his price target on Constellation shares to $233 from $207 and keeps an Overweight rating on the stock, which he views as currently trading at a "bargain price."

STZ

Constellation Brands

$171.95

-0.905 (-0.52%)

STZ.B

Constellation Brands; also tag STZ

$174.75

(0.00%)

  • 18

    Feb

STZ Constellation Brands
$171.95

-0.905 (-0.52%)

01/11/19
ARGS
01/11/19
NO CHANGE
Target $210
ARGS
Buy
Constellation Brands price target lowered to $210 from $260 at Argus
Argus analyst John Staszak lowered his price target on Constellation Brands to $210 after its "disappointing guidance" after the company cut its FY19 EPS outlook to $9.20-$9.30 from $9.60-$9.75 "based on rising interest expense and expectations for a slight slowdown in the wine and spirits segment." The analyst also lowers his FY19 EPS view to $9.70 from $9.80 but contends that the selloff is "overdone" as Constellation Brands shares trade at an "attractive valuation" relative to its historical levels and its peer group.
01/17/19
JEFF
01/17/19
NO CHANGE
Target $258
JEFF
Buy
Constellation Brands remains top pick after beer update at Jefferies
Constellation Brands (STZ) "confidently outlined the attractive growth story still ahead" at its beer segment update in Chicago, Jefferies analyst Kevin Grundy tells investors in a research note. The analyst believes the positive tone on the company's "key value driver," which presents over 70% of its EBITDA, should "quell some concerns that have contributed to recent dislocation in the stock." Constellation's beer business remains healthy while the Canopy Growth (CGC) stake in now a free call option, writes Grundy. The stock remains his top pick with a Buy rating and $258 price target.
01/22/19
ATLE
01/22/19
INITIATION
ATLE
Overweight
Constellation Brands initiated with an Overweight at Atlantic Equities
Yesterday, Atlantic Equities initiated Constellation Brands wian an Overweight and $227 price target.
01/22/19
01/22/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Constellation Brands (STZ) initiated with an Overweight at Atlantic Equities. 2. Take-Two (TTWO) initiated with a Buy at Deutsche Bank, while Electronic Arts (EA) and Activision Blizzard (ATVI) were initiated with a Hold. 3. Insys Therapeutics (INSY) initiated with an Overweight at Cantor Fitzgerald. 4. Heico (HEI) initiated with a Buy at Vertical Research. 5. R1 RCM (RCM) initiated with an Overweight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
STZ.B Constellation Brands; also tag STZ
$174.75

(0.00%)

12/10/18
COWN
12/10/18
NO CHANGE
Target $260
COWN
Outperform
Constellation Brands a 'shooting star flying under the radar,' says Cowen
Cowen analyst Vivien Azer told investors in a research note that Constellation Brands (STZ) remains her overall Top Pick across all of the companies under her coverage going into 2019, contending that best in class revenue growth within U.S. beer, coupled with strong profitability has afforded Constellation the opportunity to leverage this strong operating performance and position it to win over the long term with its notable $4B investment in market leading Canopy Growth (CGC). Azer maintains an Outperform rating and $260 price target on Constellation shares.
12/18/18
HOWW
12/18/18
NO CHANGE
HOWW
Constellation Brands project facing referendum in Mexico, says Scotia
Scotia analyst Eduardo Suarez tells investors in a research note that Constellation Brands' $1.5B project to build a Corona beer plant in Mexico is facing a referendum to see if the project will be canceled after Carlos Urzua, Mexico's Finance Minister, delivered the country's 2019 budget plan, which includes assumptions of 2% growth and 3.4% inflation. Suarez, who calls the development "concerning," says the referendum was requested by a social movement, and is said to face backing from the local electoral institute. If private projects now face referendums, including after construction starts, the analyst says the appetite to invest in the country could suffer materially.
01/04/19
WELS
01/04/19
NO CHANGE
Target $260
WELS
Outperform
Constellation 'one of the most attractive stocks' in Staples, says Wells Fargo
Wells Fargo analyst Bonnie Herzog reiterated an Outperform rating and $260 price target on Constellation Brands (STZ), telling investors in a research note that she believes Constellation is one of the most attractive stocks in Staples, given scarcity of growth across the group and the pullback, which she says is "unjustified." While she expects Constellation to lower FY19 EPS guidance to reflect 25c-30c of interest expense from the increased stake in Canopy Growth (CGC), Herzog believes Q3 results may surprise to the upside based on strong performance in Nielsen scanner data through December and potential beer margin upside from lower marketing investments. She sees Q3 results as a potential positive catalyst and encourages long-term investors to accumulate positions in the stock.
01/09/19
JEFF
01/09/19
NO CHANGE
Target $269
JEFF
Buy
Constellation Brands selloff overdone after guidance lowered, says Jefferies
Jefferies analyst Kevin Grundy said he expects Constellation Brands shares to trade lower today following the company's "lower-quality" Q3 earnings beat and FY19 guidance lowering, though he believes the pre-market reaction appears to be overdone and would be a buyer amid the early weakness. While Constellation Q3 "certainly was not clean," consumer demand in the beer business remains very healthy and the stock's valuation "has reached washed out levels," according to Grundy, who keeps a Buy rating and $269 price target on the shares.

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