Constellation Brands (NYSE:STZ) Price Target Cut to $195.00 by Analysts at UBS Group

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective lowered by research analysts at UBS Group from $205.00 to $195.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 19.48% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley decreased their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Needham & Company LLC cut their price objective on Constellation Brands from $215.00 to $195.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup lowered their target price on Constellation Brands from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Finally, Bernstein Bank lowered their price target on Constellation Brands from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $213.17.

Constellation Brands Stock Performance

STZ traded down $1.28 on Wednesday, hitting $163.21. The company had a trading volume of 194,092 shares, compared to its average volume of 2,482,168. Constellation Brands has a 1-year low of $159.35 and a 1-year high of $264.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.56. The company's fifty day moving average price is $180.28 and its 200 day moving average price is $187.27. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of -320.01, a price-to-earnings-growth ratio of 9.01 and a beta of 0.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business posted $2.26 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Constellation Brands by 39.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock valued at $1,347,000 after purchasing an additional 1,733 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the 4th quarter worth $28,000. Gibraltar Capital Management Inc. lifted its position in Constellation Brands by 2.4% in the fourth quarter. Gibraltar Capital Management Inc. now owns 26,299 shares of the company's stock valued at $5,812,000 after buying an additional 609 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in Constellation Brands by 10.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,235 shares of the company's stock valued at $494,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

About Constellation Brands

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.

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