Shares of Constellation Brands (NYSE:STZ) were gapping up Friday morning with an open price 19.7% higher than Thursday's closing price. The stock closed at $21.76 yesterday and opened today's trading at $26.05.
NEW YORK ( TheStreet) -- Shares of Constellation Brands (NYSE: STZ) were gapping up Friday morning with an open price 19.7% higher than Thursday's closing price. The stock closed at $21.76 Thursday and opened today's trading at $26.05.
The average volume for Constellation has been 2.9 million shares per day over the past 30 days. Constellation has a market cap of $3.34 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 5.3% year to date as of the close of trading on Thursday. Constellation Brands, Inc. produces and markets beverage alcohol in the United States and internationally. The company has a P/E ratio of 10.2, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Constellation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Constellation Ratings Report. Get more investment ideas from our investment research center.