Constellation Brands (NYSE:STZ) Given New $215.00 Price Target at BMO Capital Markets

Constellation Brands (NYSE:STZ - Get Free Report) had its target price reduced by BMO Capital Markets from $260.00 to $215.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 17.08% from the company's previous close.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada cut their target price on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Evercore ISI decreased their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Barclays dropped their target price on shares of Constellation Brands from $205.00 to $203.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Morgan Stanley lowered their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Stock Down 0.1 %

Shares of STZ traded down $0.23 during mid-day trading on Friday, reaching $183.63. 515,270 shares of the stock traded hands, compared to its average volume of 1,689,095. The stock has a fifty day simple moving average of $177.41 and a 200 day simple moving average of $208.04. Constellation Brands has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $33.19 billion, a price-to-earnings ratio of 49.36, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. Sell-side analysts expect that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. Copperleaf Capital LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at about $343,000. Grimes & Company Inc. bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $6,099,000. Empowered Funds LLC lifted its holdings in Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock worth $3,663,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. bought a new stake in Constellation Brands during the fourth quarter worth approximately $3,074,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.