Market Overview

UPDATE: Pivotal Research Group Initiates Coverage On Constellation Brands

Share:

Pivotal Research Group initiated a Buy rating on Constellation Brands, Inc. (NYSE: STZ) with $110 price target in a report issued Monday.

Analyst Timothy S. Ramey noted the "powerful momentum and growth we see in STZ’s operating sectors – imported beer; premium varietal wines; and spirits make this a best-ever operating environment for Constellation Brands."

"We envision long-tailed, investable trends, likely to drive growth at above-average rates" and Ramey felt that the company will outperform "for at lease three-to-five years to come" driven my Millennial generation consumption.

Ramey estimated "$1.14 for Q3 2015 (consensus is $1.13 expected about Jan. 6th); $4.22 for FY15 (Feb.), consensus is $4.24; and $4.70 for FY16 (consensus is $4.73)."

The report concluded that "Constellation trades at just 17.9x our estimate of FY16 EPS (February 2016) and 14.5x current EV/EBITDA. Our price target of $110 is based on 22.9x FY16 EPS and 14.8 2016 EV/EBITDA."

Constellation Brands, Inc. recently traded at $84.84, up 0.94 percent.

Latest Ratings for STZ

DateFirmActionFromTo
Oct 2019MaintainsEqual-Weight
Oct 2019MaintainsOutperform
Sep 2019MaintainsEqual-Weight

View More Analyst Ratings for STZ
View the Latest Analyst Ratings

Posted-In: Pivotal Research Group Timothy S. RameyAnalyst Color Price Target Initiation Analyst Ratings

 

Related Articles (STZ)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
FTVMorgan StanleyMaintains70.0
ROKMorgan StanleyMaintains142.0
WWEFBN SecuritiesUpgrades100.0
SWNCapital One FinancialUpgrades
AEISCowen & Co.Downgrades57.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Intralinks' Deal Flow Predictor: Positive M&A Momentum Will Continue

Rumored BlackBerry-Lenovo Union Could Be A 'Great' M&A Deal