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Research Reports on Beverages Equities - Constellation Brands, Castle Brands, Brown-Forman, and Diageo

NEW YORK, April 5, 2017 /PRNewswire/ --

The Beverages industry, particularly the Wineries and Distillers category, consists of companies engaged in manufacturing wine, champagne, and sparkling wine, as well as distilled alcoholic beverages, such as vodka, brandy, whisky, gin, sake and other malt, and blended alcoholic beverages. Pre-market this morning, follows the performances of these four stocks: Constellation Brands Inc. (NYSE: STZ), Castle Brands Inc. (NYSE MKT: ROX), Brown-Forman Corp. (NYSE: BF-B), and Diageo PLC (NYSE: DEO). Learn more about these stocks by accessing their free research reports at:

Constellation Brands 

Victor, New York headquartered Constellation Brands Inc.'s shares saw a slight drop of 0.09%, finishing Tuesday's trading session at $161.51. A total volume of 1.21 million shares was traded. In the last month and the previous three months, the stock has advanced 2.35% and 4.65%, respectively. Additionally, the Company's shares have gained 5.63% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.70% and 1.51%, respectively. Moreover, shares of Constellation Brands, which together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the US, Canada, Mexico, New Zealand, and Italy, have a Relative Strength Index (RSI) of 55.84.

On March 09th, 2017, Constellation Brands announced that the Company will report financial results for its fiscal fourth quarter and full year ended February 28th, 2017, on Thursday, April 06th, 2017, before the open of the US markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Rob Sands, and Executive Vice President and Chief Financial Officer, David Klein, at 10:30 a.m. ET on April 06th, 2017.

On March 21st, 2017, research firm JP Morgan initiated an 'Overweight' rating on the Company's stock, with a target price of $183 per share. Free research report on STZ is available at:

Castle Brands 

On Tuesday, shares in New York-based Castle Brands Inc. recorded a trading volume of 4.11 million shares, which was above their three months average volume of 1.08 million shares. The stock ended the session 4.32% higher at $1.69. The Company's shares have surged 74.24% in the last one month, 114.47% over the previous three months, and 122.37% on an YTD basis. The stock is trading 73.52% above its 50-day moving average and 98.85% above its 200-day moving average. Furthermore, shares of Castle Brands, which develops, markets, imports, and sells beverage alcohol products in the US and internationally, have an RSI of 85.73.

On March 30th, 2017, Castle Brands announced that the Company has acquired an additional 20.1% stake in Gosling-Castle Partners Inc. ("GCP") - its strategic global export venture with the Gosling family. The transaction increases Castle Brands' ownership of GCP to 80.1%, and will enable consolidation for tax purposes. The complimentary research report on ROX can be downloaded at:


Shares in Louisville, Kentucky headquartered Brown-Forman Corp. closed at $45.82, slightly down 0.13% from the last trading session. The stock recorded a trading volume of 742,239 shares. The Company's shares have gained 2.02% over the previous three months and 2.39% since the start of this year. The stock is trading 1.78% below its 200-day moving average. Additionally, shares of Brown-Forman, which manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide, have an RSI of 36.71.

On March 07th, 2017, Brown-Forman reported financial results for Q3 and the first nine months of FY17 ended January 31st, 2017. For Q3 FY17, net sales were $808 million, reported operating income was $273 million, and diluted earnings per share were $0.47. For the first nine months of the fiscal year, reported net sales were $2,299 million, reported operating income was $778 million, and diluted earnings per share were $1.34.

On March 08th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $42 a share to $45 a share. Visit us today and access our complete research report on BF-B at:


London, the UK headquartered Diageo PLC's stock ended 0.19% lower at $115.06 with a total trading volume of 314,179 shares. The Company's shares have advanced 2.50% in the last one month, 11.50% over the previous three months, and 11.85% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.63% and 5.43%, respectively. Furthermore, shares of Diageo, which produces, markets, and sells alcoholic beverages worldwide, have an RSI of 54.20.

On March 20th, 2017, the new Baileys Almande Almondmilk Liqueur, a brand owned by Diageo, was introduced nationwide. The dairy-free, gluten-free, and certified vegan liqueur is sold for a suggested retail price of $21 for a 750 ml bottle.

On March 31st, 2017, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. Get free access to your research report on DEO at:

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