Constellation Brands (NYSE:STZ) Upgraded by Argus to Buy

Constellation Brands (NYSE:STZ - Get Free Report) was upgraded by equities research analysts at Argus from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a $306.00 price target on the stock. Argus' target price indicates a potential upside of 18.37% from the stock's previous close.

Other equities analysts have also issued reports about the company. Wedbush reaffirmed an "outperform" rating and set a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Piper Sandler began coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an "overweight" rating and a $300.00 target price on the stock. Bank of America raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, March 18th. HSBC lifted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BMO Capital Markets lifted their price target on Constellation Brands from $290.00 to $315.00 and gave the company an "outperform" rating in a report on Friday. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Constellation Brands currently has an average rating of "Moderate Buy" and an average price target of $298.55.

Constellation Brands Stock Performance

Shares of STZ traded down $3.72 during mid-day trading on Monday, hitting $258.52. The stock had a trading volume of 1,825,209 shares, compared to its average volume of 1,265,415. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a market cap of $47.26 billion, a PE ratio of 27.69, a PEG ratio of 1.78 and a beta of 0.97. Constellation Brands has a fifty-two week low of $221.81 and a fifty-two week high of $274.87. The company's fifty day simple moving average is $256.84 and its two-hundred day simple moving average is $246.96.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Constellation Brands will post 13.43 earnings per share for the current year.

Institutional Trading of Constellation Brands

A number of hedge funds have recently bought and sold shares of STZ. Indiana Trust & Investment Management CO bought a new position in Constellation Brands in the third quarter worth $25,000. Impact Partnership Wealth LLC raised its stake in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company's stock worth $26,000 after acquiring an additional 94 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth about $28,000. Asset Dedication LLC lifted its holdings in Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company's stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth approximately $34,000. 77.34% of the stock is owned by institutional investors.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.