Constellation Brands Inc (NYSE:STZ - Get Free Report)'s share price reached a new 52-week low on Wednesday. The company traded as low as $111.54 and last traded at $112.7120, with a volume of 1578414 shares. The stock had previously closed at $112.92.
Analyst Upgrades and Downgrades
Several research analysts have commented on STZ shares. BNP Paribas Exane cut their price target on shares of Constellation Brands from $115.00 to $110.00 and set an "underperform" rating for the company in a report on Monday, September 21st. Piper Sandler reaffirmed a "neutral" rating and issued a $160.00 price target on shares of Constellation Brands in a report on Wednesday, July 1st. Jefferies Financial Group lowered their price objective on Constellation Brands from $147.00 to $135.00 and set a "hold" rating on the stock in a research report on Monday, September 14th. Bank of America reduced their target price on Constellation Brands from $152.00 to $145.00 and set an "underperform" rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Constellation Brands in a research note on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $159.33.
Read Our Latest Report on STZ
Constellation Brands Stock Performance
The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market cap of $19.25 billion, a PE ratio of 10.75, a PEG ratio of 2.24 and a beta of 0.41. The company's 50-day moving average price is $128.00 and its two-hundred day moving average price is $139.95.
Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same quarter last year, the firm posted $3.22 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that Constellation Brands Inc will post 11.81 EPS for the current year.
Hedge Funds Weigh In On Constellation Brands
Several institutional investors have recently modified their holdings of STZ. HB Wealth Management LLC raised its holdings in Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company's stock worth $1,619,000 after purchasing an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Constellation Brands by 4.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company's stock worth $296,000 after purchasing an additional 77 shares during the period. Rexford Capital Inc. boosted its stake in shares of Constellation Brands by 4.0% during the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company's stock valued at $311,000 after purchasing an additional 79 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Constellation Brands by 4.0% during the 1st quarter. Keybank National Association OH now owns 2,338 shares of the company's stock valued at $351,000 after purchasing an additional 90 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Constellation Brands by 3.6% during the first quarter. Banque Cantonale Vaudoise now owns 2,643 shares of the company's stock valued at $397,000 after buying an additional 93 shares during the period. 77.34% of the stock is currently owned by institutional investors.
About Constellation Brands
(
Get Free Report)
Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.
The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation's products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.
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