Constellation Brands Inc (NYSE:STZ) received a $200.00 price target from equities researchers at Susquehanna Bancshares Inc in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price target indicates a potential downside of 4.42% from the company’s current price.

Several other research firms have also issued reports on STZ. Macquarie assumed coverage on Constellation Brands in a report on Thursday, September 14th. They set an “outperform” rating and a $227.00 target price on the stock. Pivotal Research upped their target price on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company reiterated an “outperform” rating and set a $216.00 target price (up previously from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) lowered Constellation Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $212.00 to $210.00 in a report on Monday, July 24th. Finally, BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and a consensus price target of $206.82.

Shares of Constellation Brands (NYSE STZ) traded up 4.01% on Thursday, hitting $209.25. The stock had a trading volume of 4,951,911 shares. Constellation Brands has a one year low of $144.00 and a one year high of $213.40. The stock has a market capitalization of $40.87 billion, a PE ratio of 26.24 and a beta of 0.04. The firm’s 50 day moving average is $200.74 and its 200-day moving average is $186.60. Constellation Brands also was the target of 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 typical daily volume of 1,156 put options.

Constellation Brands (NYSE:STZ) last released its 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. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. Constellation Brands’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Constellation Brands will post $8.18 earnings per share for the current fiscal year.

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In related news, Director Barry A. Fromberg sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the completion of the sale, the director now directly owns 22,820 shares in the company, valued at $4,471,122.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher Stenzel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total value of $983,750.00. Following the completion of the sale, the executive vice president now owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,291 shares of company stock valued at $16,438,975. 15.59% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Hanson McClain Inc. boosted its stake in shares of Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock valued at $212,000 after buying an additional 10 shares during the period. Financial Architects Inc boosted its stake in shares of Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock valued at $344,000 after buying an additional 25 shares during the period. Welch Group LLC boosted its stake in shares of Constellation Brands by 2.9% in the second quarter. Welch Group LLC now owns 885 shares of the company’s stock valued at $171,000 after buying an additional 25 shares during the period. Finally, Ray Gerald L & Associates Ltd. boosted its stake in shares of Constellation Brands by 0.7% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock valued at $897,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 74.96% of the company’s stock.

About Constellation Brands

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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