Constellation Brands (STZ) 9K contracts trade with focus on July 5 weekly 250 puts into quarter results

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Go back to Constellation Brands (STZ) 9K contracts trade with focus on July 5 weekly 250 puts into quarter results

Goldman Sachs Reiterates Conviction Buy Rating on Constellation Brands (STZ), 'Solid FQ1 beat on strong beer profits'

July 3, 2024 10:07 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Conviction Buy rating and $300.00 price target on Constellation Brands (NYSE: STZ)

The analyst comments "Our View - STZ reported a strong start to the year with FQ1 EPS of $3.57 that handily beat our/consensus estimates of $3.47/$3.46. Investor expectations heading into results were low, and STZ broadly... More

RBC Capital on Constellation Brands (STZ): 'How does this quarter impact our thesis? No material changes'

July 3, 2024 10:06 AM EDT

RBC Capital analyst Nik Modi reiterated an Outperform rating and $308.00 price target on Constellation Brands (NYSE: STZ).

The analyst comments "How does this quarter impact our thesis? No material changes. This mornings print only reaffirms our long-term bullishness on STZ and its ability to drive consistent CPG-leading volume growth.... More

Jefferies Reiterates Buy Rating on Constellation Brands (STZ), 'we think management will be cautiously optimistic'

July 3, 2024 10:05 AM EDT

Jefferies analyst Kaumil Gajrawala reiterated a Buy rating and $310.00 price target on Constellation Brands (NYSE: STZ)

The analyst comments "Beer depletions grew 6.4% (Street 6.0%). Good quarter with total sales in-line (wine still struggles). F25 guide unchanged and implies Beer margin expansion continues. Beer margins... More

Roth/MKM on Constellation Brands (STZ): 'Dramatic Increase in Beer Profitability'

July 3, 2024 10:04 AM EDT

Roth/MKM analyst Bill Kirk reiterated a Buy rating and $305.00 price target on Constellation Brands (NYSE: STZ).

The analyst comments "STZ's 1Q was in-line on a segment and consolidated revenue basis, but better-than-expected Beer profitability led to an EPS beat. With heightened... More

Evercore ISI Reiterates Outperform Rating on Constellation Brands (STZ), 'strong F1Q25'

July 3, 2024 10:03 AM EDT

Evercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $310.00 price target on Constellation Brands (NYSE: STZ).

The analyst comments "STZ reported a strong F1Q25 (ended May 31), with beer depletions +6.4% vs. +6.0% Street and with bears looking for... More

Morgan Stanley on Constellation Brands (STZ): 'we expect a positive stock reaction'

July 3, 2024 10:03 AM EDT

Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating and $305.00 price target on Constellation Brands (NYSE: STZ).

The analyst comments "Positive Stock Reaction: We expect a positive stock reaction at STZ, with beer depletions exceeding lowered expectations, and a solid beer margin/corporate EPS... More

Deutsche Bank on Constellation Brands (STZ): 'we expect a modest positive reaction'

July 3, 2024 10:02 AM EDT

Deutsche Bank analyst Steve Powers reiterated a Hold rating and $262.00 price target on Constellation Brands (NYSE: STZ).

The analyst comments "We expect a modest positive reaction to STZ's 1Q results and reiterated FY25 guidance. On the positive side of the ledger, beer depletions were solid and slightly ahead of a lowered bar (+6.4% vs. buy side ~+6%), coupled with robust beer margin (gross margins +100 bps YOY with operating margins >40%, with each nicely ahead of... More

CFRA Double Upgrades Constellation Brands (STZ) to Strong Buy

July 3, 2024 10:01 AM EDT

CFRA analyst Garrett Nelson upgraded Constellation Brands (NYSE: STZ) from Hold to Strong Buy with a price target of $335.00 (from $270.00).

The analyst comments "We raise our 12-month price target to $335 from $270, based on a FY 26 (Feb.) P/E of 22.0x, a slight discount to its... More