icon
0%

Constellation Brands STZ - News Analyzed: 3,974 - Last Week: 99 - Last Month: 494

⇗ Constellation Brands (STZ) Banks on Strong Beer Business Amid Market Dip

Constellation Brands (STZ) Banks on Strong Beer Business Amid Market Dip
Constellation Brands (STZ) has been the focus of several key stock market activities. Barclays has assigned it a new price target of $288.00. Despite recent dips in the market, the company's beer business continues to show strong momentum, aiding their Q4 earnings. The Q3 and Q4 transcripts reflected a substantial growth in profit due to higher revenues and beer sales offsetting weaker wine and spirits revenue. Their fiscal year ended on a high note with 39% returns over the past five years. However, there is concern over the company's price and performance, with an unusual underperformance one Tuesday. Cambridge Investment Research Advisors and Commerce Bank boosted their stakes while the Advisory Services Network LLC reduced its holdings. Their performance in the Q4 led to a substantial increase in sales and the stock gaining as the market dipped. The company surpassed Q4 earnings and revenue estimates and raised fiscal 2024 guidance amid a robust beer business performance. The company also received an “Outperform” rating from the Royal Bank of Canada, raising investors’ confidence who saw returns of 49% over five years.

Constellation Brands STZ News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Thu, 30 May 2024 10:38:15 GMT - Rating 5 - Innovation -2 - Information 8 - Rumor -6

The email address you have entered is invalid.