Constellation Brands Inc (NYSE:STZ)‘s stock had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They presently have a $237.00 price objective on the stock, up from their previous price objective of $220.00. J P Morgan Chase & Co’s price target suggests a potential upside of 12.80% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Argus upped their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $198.00 price target (down previously from $200.00) on shares of Constellation Brands in a research report on Friday, June 23rd. Royal Bank Of Canada restated a “buy” rating on shares of Constellation Brands in a research report on Friday, June 16th. Stifel Nicolaus upped their price target on shares of Constellation Brands from $201.00 to $216.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Finally, BidaskClub lowered shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $213.84.

Shares of Constellation Brands (STZ) traded up 0.41% during mid-day trading on Friday, reaching $210.11. 1,721,985 shares of the company were exchanged. The company’s 50-day moving average is $200.74 and its 200 day moving average is $186.60. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $213.40. The firm has a market capitalization of $41.03 billion, a price-to-earnings ratio of 26.35 and a beta of 0.04. Constellation Brands also was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 8,867 put options on the stock. This represents an increase of approximately 667% compared to the typical 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 EPS for the quarter, topping the consensus estimate of $2.17 by $0.30. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Analysts predict that Constellation Brands will post $8.18 EPS for the current year.

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In other Constellation Brands news, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the sale, the vice president now directly owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $195.93, for a total transaction of $391,860.00. Following the completion of the sale, the director now directly owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The disclosure for this sale can be found here. Insiders sold a total of 79,351 shares of company stock valued at $15,484,172 over the last three months. 15.59% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of STZ. Quadrant Capital Group LLC lifted its holdings in Constellation Brands by 2.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after acquiring an additional 14 shares during the last quarter. Kistler Tiffany Companies LLC lifted its holdings in Constellation Brands by 13.2% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 643 shares of the company’s stock valued at $107,000 after acquiring an additional 75 shares during the last quarter. Invictus RG acquired a new stake in Constellation Brands in the 1st quarter valued at about $110,000. Oppenheimer Asset Management Inc. lifted its holdings in Constellation Brands by 50.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after acquiring an additional 193 shares during the last quarter. Finally, PineBridge Investments L.P. lifted its holdings in Constellation Brands by 331.3% in the 2nd quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after acquiring an additional 530 shares during the last quarter. 74.96% of the stock is owned by institutional investors.

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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