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STZ

Constellation Brands

$178.20

1.52 (0.86%)

, STZ.B

Constellation Brands; also tag STZ

$175.59

(0.00%)

07:44
04/04/19
04/04
07:44
04/04/19
07:44

Constellation Brands sees FY20 capital expenditures $800M-$900M

Capital expenditures outlook includes approximately $600M targeted for Mexico beer operations expansion activities. Sees FY20 free cash flow $1.1B - $1.2B.

STZ

Constellation Brands

$178.20

1.52 (0.86%)

STZ.B

Constellation Brands; also tag STZ

$175.59

(0.00%)

  • 04

    Apr

  • 04

    Apr

STZ Constellation Brands
$178.20

1.52 (0.86%)

02/25/19
MSCO
02/25/19
NO CHANGE
MSCO
Morgan Stanley says Coca-Cola, Church & Dwight recent underperformance overdone
Morgan Stanley analysts Dara Mohsenian and Pamela Kaufman said that while they keep Equal Weight ratings on Coca-Cola (KO) and Church & Dwight (CHD) post the companies' Q4 reports and CAGNY presentations, the analysts view the recent underperformance of both stocks as overdone. In the case of Coke, they said that underlying forex-neutral results remain "solid" and the stock's multiple has lost much of its prior premium versus peers. In the case of C&D, they said the company's CAGNY presentation highlighted "solid" 2019 visibility and gross margin upside potential. While they also understand disappointment with the CAGNY presentation of Constellation Brands (STZ), they now view new guidance as conservative and keep an Overweight rating on Constellation shares. Church & Dwight's price target was raised to $65 from $60 based on improved gross margin visibility with management's comments at CAGNY and separately the analysts lowered their price target on Kraft Heinz (KHC) shares to $35 from $37 given its greater risk profile. While they are still Underweight on Kraft Heinz, the analyst said many of their prior concerns have now played out.
03/06/19
FBCO
03/06/19
INITIATION
Target $230
FBCO
Outperform
Constellation Brands initiated with an Outperform at Credit Suisse
Credit Suisse initiated Constellation Brands with an Outperform and $230 price target.
03/07/19
FBCO
03/07/19
INITIATION
FBCO
Credit Suisse starts Household Products & Beverages with Constellation top pick
Credit Suisse analyst Kaumil Gajrawala rolled out coverage last night on eight names in the Household Products & Beverages space. The analyst's ratings consist of three Outperforms, two Underperforms, and three Neutrals. His top pick is Constellation Brands (STZ), which he started with an Outperform rating and $230 price target. The company offers "predictable" high-single digit revenue growth with a valuation that is "well below slower growth peers," Gajrawala tells investors in a research note. His other Outperform ratings are on Monster Beverage (MNST) and Clorox (CLX). The analyst has a $78 price target on Monster, noting it is the fastest growing company in his coverage "with runway for continued growth." He has a $172 price target on Clorox saying the company's "unique" portfolio position justifies a premium valuation. Gajrawala's Neutral rated names are Church & Dwight (CHD), Procter & Gamble (PG) and Coca-Cola (KO). His two Underperforms are PepsiCo (PEP) and Colgate-Palmolive (CL). PepsiCo has a $100 price target as the analyst sees limited upside amid the company's "stepped-up" investment years. Colgate-Palmolive, Gajrawala's less favorite name, has a $55 price target. The company's out-year margins are at risk as it reinvests to address several years of slowing growth and sales declines, Gajrawala contends.
03/07/19
03/07/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Five Below (FIVE) initiated with an Outperform at Oppenheimer. 2. Teva (TEVA) reinstated with a Buy at UBS. 3. Chiasma (CHMA) initiated with an Overweight at Cantor Fitzgerald. 4. Monster Beverage (MNST) and Constellation Brands (STZ) were initiated with an Outperform at Credit Suisse, while Procter & Gamble (PG), Coca-Cola (KO), and Church & Dwight (CHD) were initiated with a Neutral, and PepsiCo (PEP), Colgate-Palmolive (CL), and Clorox (CLX) initiated with an Underperform at Credit Suisse. 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
$175.59

(0.00%)

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.
02/13/19
MSCO
02/13/19
NO CHANGE
Target $233
MSCO
Overweight
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."
02/21/19
GHSC
02/21/19
INITIATION
GHSC
Neutral
Canopy Growth initiated with a Neutral at Seaport Global
Seaport Global analyst Brett Hundley initiated Canopy Growth (CGC) with a Neutral rating, stating that he "very much like this company," but he believes the current valuation already discounts attractive forward fundamentals and potential cash value from the exercise of additional warrants from Constellation (STZ).

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SQM

SQM

$37.08

-0.99 (-2.60%)

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LOGC

LogicBio Therapeutics

$12.28

0.15 (1.24%)

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RBB

RBB Bancorp

$19.18

-0.61 (-3.08%)

19:38
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BEN

Franklin Resources

$35.04

-0.27 (-0.76%)

19:09
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TSLA

Tesla

$262.90

-10.35 (-3.79%)

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CMRE

Costamare

$5.65

-0.09 (-1.57%)

, WHR

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ALDR

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VCYT

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HARP

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RMBS

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GES

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$16.66

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BHP

BHP Group

$55.14

0.19 (0.35%)

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PCG

PG&E

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Apple

$204.62

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GOOG

Alphabet

$1,248.96

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$1,248.96

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$1,253.94

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CTRA

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$56.27

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BWEN

Broadwind Energy

$1.88

0.06 (3.30%)

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HLX

Helix Energy

$8.59

0.2 (2.38%)

18:04
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VBTX

Veritex

$25.92

-0.3 (-1.14%)

18:03
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BCS

Barclays

$8.70

-0.05 (-0.57%)

18:00
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NVDA

Nvidia

$188.48

2.22 (1.19%)

, TSLA

Tesla

$262.90

-10.35 (-3.79%)

17:53
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NVDA

Nvidia

$188.48

2.22 (1.19%)

TSLA

Tesla

$262.90

-10.35 (-3.79%)

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EFSC

Enterprise Financial

$42.49

-1.4 (-3.19%)

17:47
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Enterprise Financial board raised dividend to 15c per share »

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EFSC

Enterprise Financial

$42.49

-1.4 (-3.19%)

17:46
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17:46
Earnings
Enterprise Financial reports Q1 EPS 67c, consensus 91c »

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17:45
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17:45
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17:45
General news
U.S. tax refunds »

U.S. tax refunds are on…

BPRN

Bank of Princeton

$32.30

(0.00%)

17:43
04/22/19
04/22
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17:43
Earnings
Bank of Princeton reports Q1 EPS 3c, may not compare to consensus 53c »

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  • 08

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LENS

Presbia

$0.56

-0.0034 (-0.61%)

17:29
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17:29
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Presbia discloses staff reduction, search for investor or strategic partner »

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WAL

Western Alliance

$43.36

-0.89 (-2.01%)

17:23
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17:23
Earnings
Western Alliance reports Q1 adjusted EPS $1.16, consensus $1.09 »

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FCF

First Commonwealth

$13.26

-0.22 (-1.63%)

, SAN

Banco Santander

$5.12

-0.015 (-0.29%)

17:21
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First Commonwealth to acquire 14 branches from Santander »

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FCF

First Commonwealth

$13.26

-0.22 (-1.63%)

SAN

Banco Santander

$5.12

-0.015 (-0.29%)

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