Constellation Brands Inc. (STZ) Earns Outperform Rating from RBC Capital Markets
Constellation Brands Inc. (NYSE:STZ)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital Markets in a research note issued on Wednesday. They presently have a $181.00 price target on the stock. RBC Capital Markets’ price target suggests a potential upside of 7.20% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Bank of America Corp. reiterated a “buy” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Friday, September 30th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research note on Friday, September 16th. Credit Suisse Group AG assumed coverage on shares of Constellation Brands in a research note on Thursday, September 15th. They set a “neutral” rating and a $178.00 price objective on the stock. Morgan Stanley reiterated a “buy” rating on shares of Constellation Brands in a research note on Thursday, September 15th. Finally, Credit Agricole SA reissued an “outperform” rating on shares of Constellation Brands in a report on Monday, August 22nd. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $176.75.
Shares of Constellation Brands (NYSE:STZ) traded down 1.28% during midday trading on Wednesday, hitting $168.84. 1,751,101 shares of the stock traded hands. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 30.42 and a beta of 0.63. Constellation Brands has a 52 week low of $130.23 and a 52 week high of $173.55. The firm’s 50-day moving average is $165.62 and its 200 day moving average is $160.44.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/constellation-brands-inc-stz-earns-outperform-rating-from-rbc-capital-markets.html
Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, October 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.12. The firm had revenue of $2.02 billion for the quarter. Constellation Brands had a net margin of 15.64% and a return on equity of 17.69%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 earnings per share. Equities analysts forecast that Constellation Brands will post $6.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 4th. Constellation Brands’s payout ratio is currently 27.49%.
In related news, VP F Paul Hetterich sold 10,000 shares of Constellation Brands stock in a transaction on Monday, July 11th. The shares were sold at an average price of $164.60, for a total value of $1,646,000.00. Following the completion of the sale, the vice president now owns 61,404 shares of the company’s stock, valued at approximately $10,107,098.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William F. Hackett sold 8,000 shares of Constellation Brands stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $164.67, for a total transaction of $1,317,360.00. Following the completion of the sale, the executive vice president now directly owns 54,934 shares of the company’s stock, valued at approximately $9,045,981.78. The disclosure for this sale can be found here. 10.63% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of STZ. Quadrant Capital Group LLC increased its stake in Constellation Brands by 2.1% in the second quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after buying an additional 14 shares during the last quarter. Invictus RG bought a new position in shares of Constellation Brands during the first quarter valued at $110,000. PineBridge Investments L.P. boosted its position in shares of Constellation Brands by 331.3% in the second quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after buying an additional 530 shares during the period. Hanson McClain Inc. boosted its position in shares of Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares during the period. Finally, Daiwa SB Investments Ltd. bought a new position in shares of Constellation Brands during the second quarter valued at $134,000. 75.05% of the stock is owned by institutional investors and hedge funds.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
Receive News & Ratings for Constellation Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.