STZ stock: buy or sell
Updated on:
Jan 18th, 2021
1
STZ stock brief
- Counting last Friday, it's been 3 consecutive sessions in negative for Constellation Brands. Price closed last Friday at $219.99 after falling a -1.75%.
- With the recent gains, Constellation Brands is approaching to new all-time highs again, that are now just 8.63% above the current trading
- On January 7, Constellation Brands made public its Q3 financial report
- Argus, Cowen, Deutsche Bank Aktiengesellschaft and 5 others posted buy ratings for Constellation Brands on January 8, with an average target of $250.13
- Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.
Should I buy Constellation Brands stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $STZ stock a buy?
Currently, Constellation Brands stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $STZ will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Constellation Brands stock?
"To sell or not to sell", if you are holding Constellation Brands shares?. Trading strategies let us to avoid impulsive decisions based on our personal feelings or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies should not be used for selling short Constellation Brands stock
A golden rule is that you should never hold a trading operation that leads to higher than expected losses at the time of purchase. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Constellation Brands stock?
In the current situation of Constellation Brands there is not any eligible sell setup, so Constellation Brands stock holders with operations in profit can keep their positions
Constellation Brands ratings
In the last 30 days, 9 analyst ratings were published for Constellation Brands. General sentiment is bullish, with 5 out of 9 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Dec 28th, 2020 | |
| JPMorgan Chase & Co. | Neutral → Buy |
| Jan 8th, 2021 | |
| Argus | |
| Cowen | Neutral |
| Deutsche Bank Aktiengesellschaft | Neutral |
| MKM Partners | |
| Morgan Stanley | Buy |
| Smith Barney Citigroup | Neutral |
| UBS Group | |
| Wells Fargo & Company | Buy |
Constellation Brands stock analysis
$STZ near to Highs
Close to ATH
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 8, the price has corrected downwards by 5.37%
Relative strength index
The RSI dropped below the overbought level of 70 on January 11 after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 53.37. Constellation Brands stock tanked a 4.44% since RSI lost the overbought zone
Constellation Brands stock price history
Constellation Brands went public on Mar 17th, 1992 at $1.46 per share1. Since then, STZ stock surged by 14,967.81%, with an average of 534.56% per year. If you had invested thousand dollars in Constellation Brands stock on Mar 1992, it would be valued $150,678.08 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Constellation Brands stock
Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions released by analysts for the last 30 days. If you are a small investor you should not trade based on these predictions.
Averaging all price targets exposed below, the estimated price for Constellation Brands stock is $249.89. Constellation Brands closed at $219.99 last Friday, that is a 11.97% than the target price.
| Brokerage firm | Price target |
|---|---|
| Dec 28th, 2020 | |
| JPMorgan Chase & Co. | $218.00 → $248.00 |
| Jan 8th, 2021 | |
| Argus | $230.00 → $272.00 |
| Cowen | $240.00 → $275.00 |
| Deutsche Bank Aktiengesellschaft | $208.00 → $219.00 |
| MKM Partners | $154.00 → $210.00 |
| Morgan Stanley | $240.00 → $260.00 |
| Smith Barney Citigroup | $220.00 → $244.00 |
| UBS Group | $238.00 → $256.00 |
| Wells Fargo & Company | $250.00 → $265.00 |
Earnings and financials
Constellation Brands ($STZ) hosted the earnings event and posted the report on January 7. STZ posted earnings of $3.09 per share on revenue of $2.4 billion. The analysts estimate was $2.39 per share on revenue of $2.2 billion.
By comparison, the EPS for the same quarter last year was $2.14, so posted EPS means a gain of 44.39%. Looking at revenues, figures exploded a 21.94% compared to $20.0B same quarter last year.STZ ($STZ) posts financial report next April. Market analysts analysts estimate of $1.54, that is a 50.16% less than Q3.
Constellation Brands performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Constellation Brands ($STZ) | 3.50% | 21.20% | 23.50% |
Please read:
The thoughts expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the particular circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives onlySTZ summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $222.99 |
| Close | $219.99 |
| Day range | $219.63 - $222.99 |
| Previous close | $223.9 |
| Session gain | -1.75% |
| Average true range | $6.70 |
| 50d mov avg | $210.01 |
| 100d mov avg | $196.37 |
| 200d mov avg | $183.12 |
| Earnings date | April 5th, 2021 |