Constellation Brands Inc (NYSE:STZ) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Several other equities analysts have also weighed in on STZ. UBS AG increased their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 target price (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. J P Morgan Chase & Co restated an “overweight” rating and issued a $220.00 price objective (up from $188.00) on shares of Constellation Brands in a research report on Friday, June 30th. Vetr lowered shares of Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price objective for the company. in a research report on Monday, May 22nd. Finally, Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price objective for the company in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and a consensus target price of $200.53.

Shares of Constellation Brands (NYSE:STZ) traded up 0.41% during midday trading on Friday, hitting $197.88. 776,053 shares of the company were exchanged. The firm has a market capitalization of $38.65 billion, a price-to-earnings ratio of 24.82 and a beta of 0.06. The firm’s 50 day moving average price is $195.29 and its 200 day moving average price is $175.79. Constellation Brands has a one year low of $144.00 and a one year high of $199.89.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 earnings per share. Analysts forecast that Constellation Brands will post $8.17 EPS for the current fiscal year.

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In other news, VP Thomas J. Mullin sold 54,834 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the transaction, the vice president now owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Michael Kane sold 4,940 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $193.28, for a total value of $954,803.20. Following the transaction, the vice president now directly owns 8,914 shares in the company, valued at approximately $1,722,897.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,601 shares of company stock worth $18,586,986. Insiders own 15.59% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. United Capital Financial Advisers LLC increased its stake in shares of Constellation Brands by 9.6% in the first quarter. United Capital Financial Advisers LLC now owns 9,113 shares of the company’s stock worth $1,477,000 after buying an additional 797 shares during the last quarter. Coconut Grove Bank increased its stake in shares of Constellation Brands by 106.8% in the first quarter. Coconut Grove Bank now owns 887 shares of the company’s stock valued at $144,000 after buying an additional 458 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Constellation Brands by 8.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 601,095 shares of the company’s stock valued at $97,419,000 after buying an additional 46,985 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Constellation Brands by 44.4% in the first quarter. Nationwide Fund Advisors now owns 121,213 shares of the company’s stock valued at $19,645,000 after buying an additional 37,296 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Constellation Brands by 8.3% in the first quarter. Xact Kapitalforvaltning AB now owns 13,623 shares of the company’s stock valued at $2,208,000 after buying an additional 1,044 shares in the last quarter. 74.99% of the stock is currently 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, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. 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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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