Constellation Brands Inc (NYSE:STZ)‘s stock had its “outperform” rating restated by Evercore ISI in a research note issued to investors on Friday. They presently have a $235.00 price target on the stock, up from their prior price target of $230.00. Evercore ISI’s target price would suggest a potential upside of 12.31% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada upped their price target on shares of Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a report on Friday. Finally, Susquehanna Bancshares Inc set a $200.00 price target on shares of Constellation Brands and gave the stock a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $212.95.

Shares of Constellation Brands (NYSE STZ) traded down 0.71% on Friday, reaching $207.77. The company’s stock had a trading volume of 853,145 shares. The firm has a 50 day moving average of $200.74 and a 200 day moving average of $186.60. The company has a market cap of $40.58 billion, a PE ratio of 26.06 and a beta of 0.04. Constellation Brands has a 52-week low of $144.00 and a 52-week high of $213.40. Constellation Brands also saw unusually large options trading activity on Wednesday. Investors purchased 8,867 put options on the stock. This represents an increase of 667% compared to the typical volume of 1,156 put options.

Constellation Brands (NYSE:STZ) last announced 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 net margin of 19.94% and a return on equity of 21.57%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. Analysts predict that Constellation Brands will post $8.18 earnings per share for the current year.

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In other Constellation Brands news, EVP William F. Hackett sold 12,517 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total transaction of $2,465,849.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $195.93, for a total transaction of $391,860.00. Following the sale, the director now directly owns 22,820 shares in the company, valued at approximately $4,471,122.60. The disclosure for this sale can be found here. Insiders have sold 79,351 shares of company stock worth $15,484,172 in the last ninety days. Insiders own 15.59% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Constellation Brands by 0.9% during the second quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock valued at $2,268,295,000 after acquiring an additional 103,312 shares during the last quarter. Vanguard Group Inc. boosted its position in Constellation Brands by 3.2% during the second quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock valued at $2,184,613,000 after acquiring an additional 350,346 shares during the last quarter. State Street Corp boosted its position in Constellation Brands by 0.5% during the first quarter. State Street Corp now owns 7,391,582 shares of the company’s stock valued at $1,197,945,000 after acquiring an additional 39,246 shares during the last quarter. Egerton Capital UK LLP boosted its position in Constellation Brands by 9.3% during the second quarter. Egerton Capital UK LLP now owns 2,717,567 shares of the company’s stock valued at $526,474,000 after acquiring an additional 231,984 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Constellation Brands by 87.9% during the second quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock valued at $325,751,000 after acquiring an additional 786,726 shares during the last quarter. 74.96% 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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