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Constellation Brands (NYSE:STZ) was downgraded by research analysts at RBC Capital from an “outperform” rating to an “underperform” rating in a report released on Friday.

Shares of Constellation Brands (NYSE:STZ) opened at 87.07 on Friday. Constellation Brands has a 1-year low of $56.49 and a 1-year high of $94.77. The stock has a 50-day moving average of $86.18 and a 200-day moving average of $83.93. The company has a market cap of $16.770 billion and a P/E ratio of 7.97.

Constellation Brands (NYSE:STZ) last released its earnings data on Wednesday, July 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 126.7% on a year-over-year basis. Analysts expect that Constellation Brands will post $4.26 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Constellation Brands in a research note on Thursday, August 14th. They set a “neutral” rating and a $90.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Constellation Brands in a research note on Thursday, July 3rd. They now have a $95.00 price target on the stock, up previously from $82.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Constellation Brands in a research note on Thursday, July 3rd. They now have a $100.00 price target on the stock, up previously from $93.00. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $89.88.

Constellation Brands, Inc is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy.

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