Constellation Brands (NYSE:STZ - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They presently have a $180.00 price objective on the stock. Needham & Company LLC's target price would indicate a potential upside of 28.54% from the company's current price.
A number of other research firms have also recently weighed in on STZ. Cowen restated a "hold" rating on shares of Constellation Brands in a report on Monday, July 7th. BMO Capital Markets cut their price target on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company dropped their price objective on Constellation Brands from $170.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group cut their target price on Constellation Brands from $205.00 to $179.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Finally, TD Cowen dropped their price target on shares of Constellation Brands from $180.00 to $152.00 and set a "hold" rating for the company in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $187.72.
Check Out Our Latest Analysis on Constellation Brands
Constellation Brands Trading Up 1.0%
Shares of STZ stock opened at $140.04 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands has a fifty-two week low of $131.20 and a fifty-two week high of $247.63. The firm's 50 day moving average price is $152.33 and its two-hundred day moving average price is $168.88. The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66.
Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Monday, October 6th. The company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.26. Constellation Brands had a net margin of 11.88% and a return on equity of 30.03%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. The business's quarterly revenue was down 15.0% compared to the same quarter last year. On average, analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.
Insiders Place Their Bets
In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.45% of the stock is currently owned by company insiders.
Institutional Trading of Constellation Brands
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Constellation Brands by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock worth $3,379,999,000 after buying an additional 2,882,817 shares during the last quarter. Berkshire Hathaway Inc boosted its holdings in shares of Constellation Brands by 11.6% during the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company's stock valued at $2,179,912,000 after acquiring an additional 1,391,000 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. Geode Capital Management LLC grew its position in shares of Constellation Brands by 13.6% during the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company's stock worth $605,293,000 after acquiring an additional 448,259 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Constellation Brands by 39.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company's stock worth $597,988,000 after acquiring an additional 1,042,904 shares during the period. Institutional investors own 77.34% of the company's stock.
About Constellation Brands
(
Get Free Report)
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.
Further Reading
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