Constellation Brands (NYSE:STZ) Given New $200.00 Price Target at Needham & Company LLC

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective lifted by research analysts at Needham & Company LLC from $195.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's target price would suggest a potential upside of 15.87% from the company's previous close.

STZ has been the subject of a number of other reports. Royal Bank Of Canada decreased their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Constellation Brands from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Roth Mkm reduced their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price target on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. Finally, Jefferies Financial Group reduced their price target on Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.35.

Constellation Brands Stock Performance

NYSE:STZ traded down $1.26 during trading hours on Thursday, reaching $172.61. The stock had a trading volume of 1,808,258 shares, compared to its average volume of 1,910,735. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a 50 day simple moving average of $177.11 and a 200 day simple moving average of $183.02. Constellation Brands has a 12-month low of $159.35 and a 12-month high of $264.45. The stock has a market cap of $30.73 billion, a P/E ratio of -72.22, a price-to-earnings-growth ratio of 9.57 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the business earned $3.57 earnings per share. The business's quarterly revenue was down 5.5% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STZ. Brighton Jones LLC raised its position in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after purchasing an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Constellation Brands by 39.7% during the 4th 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 last quarter. Smartleaf Asset Management LLC raised its position in Constellation Brands by 22.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,138 shares of the company's stock valued at $250,000 after purchasing an additional 209 shares during the last quarter. Jones Financial Companies Lllp raised its position in Constellation Brands by 42.3% during the 4th quarter. Jones Financial Companies Lllp now owns 11,146 shares of the company's stock valued at $2,463,000 after purchasing an additional 3,312 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter valued at approximately $26,000. Institutional investors 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.