Constellation Brands Inc (NYSE:STZ) had its target price raised by equities researchers at Pivotal Research from $250.00 to $265.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock. Pivotal Research’s price target suggests a potential upside of 31.72% from the stock’s previous close.

Several other research firms also recently issued reports on STZ. Macquarie began coverage on Constellation Brands in a research note on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research note on Monday. Wells Fargo & Company reiterated an “outperform” rating and set a $216.00 price target (up previously from $215.00) on shares of Constellation Brands in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) downgraded Constellation Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $212.00 to $210.00 in a research note on Monday, July 24th. Finally, BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus target price of $206.41.

Shares of Constellation Brands (NYSE:STZ) traded up 4.01% during midday trading on Thursday, hitting $209.25. The company had a trading volume of 4,905,367 shares. The company’s 50 day moving average is $200.44 and its 200 day moving average is $186.43. The firm has a market cap of $40.87 billion, a price-to-earnings ratio of 26.24 and a beta of 0.04. Constellation Brands has a one year low of $144.00 and a one year high of $213.40. Constellation Brands also saw unusually large options trading on Wednesday. Stock traders purchased 8,867 put options on the stock. This represents an increase of approximately 667% compared to the average daily volume of 1,156 put options.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. Equities analysts forecast that Constellation Brands will post $8.18 earnings per share for the current fiscal year.

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In other Constellation Brands news, VP Thomas Michael Kane sold 4,940 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 8,914 shares of the company’s stock, valued at approximately $1,722,897.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William F. Hackett sold 12,517 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total value of $2,465,849.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,291 shares of company stock valued at $16,438,975. Insiders own 15.59% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of STZ. UBS Asset Management Americas Inc. raised its holdings in shares of Constellation Brands by 8.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 467,139 shares of the company’s stock worth $75,709,000 after buying an additional 36,798 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Constellation Brands in the 1st quarter worth approximately $306,000. Blair William & Co. IL raised its holdings in shares of Constellation Brands by 36.4% in the 1st quarter. Blair William & Co. IL now owns 11,343 shares of the company’s stock worth $1,805,000 after buying an additional 3,024 shares in the last quarter. ProVise Management Group LLC raised its holdings in shares of Constellation Brands by 2.3% in the 1st quarter. ProVise Management Group LLC now owns 4,526 shares of the company’s stock worth $733,000 after buying an additional 100 shares in the last quarter. Finally, Concert Wealth Management Inc. raised its holdings in shares of Constellation Brands by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares in the last quarter. 74.96% 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, 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.

The Fly

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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