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Constellation Brands (STZ) Surges: Stock Moves 5.4% Higher

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Constellation Brands, Inc. (STZ - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $208.62 to $218.57 in the past one-month time frame.

The stock was driven after the company reported stellar second-quarter fiscal 2019 results.

The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past month, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Constellation Brands currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Constellation Brands Inc Price

Investors interested in the Beverages - Alcohol industry may consider Carlsberg AS (CABGY - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is STZ going up? Or down? Predict to see what others think:Up or Down

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