Barclays Maintains an 'Equalweight' on Constellation Brands (STZ); In-Line Fundamentals, Below-the-Line Drives Beat & Raise
Tweet Send to a FriendGet Alerts STZ Hot Sheet
Price: $51.50 --0%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade STZ Now!
Barclays maintains an 'Equalweight' on Constellation Brands (NYSE: STZ) price target of $21.00.
Barclays analyst says, "Constellation Brands beat 2QF12 Consensus EPS by $0.11 and raised the bottom and top end of their comparable full year fiscal 2012 EPS guidance range by a dime to $2.00 to $2.10, from $1.90-$2.00. The EPS beat and guidance raise was driven by a much lower (3% vs. 10% expected) tax rate and the inclusion of share repurchases. As such, the company essentially reiterated underlying earnings guidance for the year...We are flowing through today's EPS beat and lifting our FY2012 EPS forecast to $2.02 from $1.92." (Barclays raises FY13 from $2.10 to $2.20)
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $20.40 yesterday, with a 52 week range of $16.42-$23.19.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Barclays analyst says, "Constellation Brands beat 2QF12 Consensus EPS by $0.11 and raised the bottom and top end of their comparable full year fiscal 2012 EPS guidance range by a dime to $2.00 to $2.10, from $1.90-$2.00. The EPS beat and guidance raise was driven by a much lower (3% vs. 10% expected) tax rate and the inclusion of share repurchases. As such, the company essentially reiterated underlying earnings guidance for the year...We are flowing through today's EPS beat and lifting our FY2012 EPS forecast to $2.02 from $1.92." (Barclays raises FY13 from $2.10 to $2.20)
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $20.40 yesterday, with a 52 week range of $16.42-$23.19.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- NetApp (NTAP) Post Solid Q4, Numbers Bumped - Needham & Company
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
