Constellation Brands, Inc. Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Constellation Brands, Inc., headquartered in Victor, New York, is a leading player in the beverages industry, specializing in the production and sale of beer, wine, and spirits since its inception in 1945. Renowned for iconic beer brands such as Corona and Modelo, in addition to a diverse portfolio of wines and spirits, Constellation Brands serves wholesalers, retailers, and on-premise locations across the United States, Canada, Mexico, New Zealand, and Italy. Listed publicly since July 1, 2005, Constellation Brands operates within the Consumer Defensive sector and the Distillers & Vintners sub-industry. With a reported total revenue of approximately $10.11 billion, the company exhibits a solid financial foundation, making it an attractive investment opportunity.
Market Insights and Analyst Forecast
With a current trading price of $248.09, Constellation Brands has garnered a bullish sentiment among analysts, leading to a “buy” recommendation. Analysts project a high target price of $325.00, with a mean target price of $296.97—a clear indication of their optimistic outlook for growth. Short interest remains low at approximately 0.0136% of its float, reflecting investor confidence. Additionally, the stock’s price is above the fifty-day average of $245.80, suggesting positive momentum in the short term. However, the company’s trading history over the past year reveals a volatile environment, with a 52-week high of $274.87 and a low of $227.5.
Financial Performance Overview
Constellation Brands holds a total of 182,192,000 shares outstanding, with 2,379,145 shares currently held short. The company’s substantial total revenue supports strong prospects, allowing potential for upward movement in the asset’s valuation. Analysts from a recent survey have indicated a strong consensus with an average recommendation score of 1.9, underscoring confidence in the company’s ability to deliver favorable returns. As the market continues to evolve, investors may find now an opportune time to consider entry, particularly given the promising financial metrics and robust consumer demand for beverages within this sector.
| Metric | Value |
|---|---|
| Market Cap | $45.2b |
| Total Debt | $11.9b |
| Total Cash | $73.8m |
| Shares Outstanding | 182.2m |
| Float Shares | 165.5m |
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