JPMorgan Chase & Co. Cuts Constellation Brands (NYSE:STZ) Price Target to $170.00

Constellation Brands (NYSE:STZ - Get Free Report) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $194.00 to $170.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 5.35% from the company's current price.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Jefferies Financial Group reduced their target price on shares of Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Roth Capital decreased their price target on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average price target of $211.91.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded down $0.16 on Thursday, reaching $161.37. The company's stock had a trading volume of 2,097,793 shares, compared to its average volume of 1,859,573. The company has a quick ratio of 0.56, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $28.73 billion, a P/E ratio of -316.41, a PEG ratio of 9.07 and a beta of 0.70. The stock has a 50-day moving average price of $179.85 and a 200-day moving average price of $187.09. Constellation Brands has a 52-week low of $159.35 and a 52-week high of $264.45.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a negative net margin of 0.74% and a positive return on equity of 29.56%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares of the company's stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.45% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands in the fourth quarter valued at $26,000. Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands in the fourth quarter valued at $29,000. Optiver Holding B.V. purchased a new stake in Constellation Brands during the 4th quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 77.34% of the company's stock.

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.