Constellation Brands (NYSE:STZ) had its price target upped by equities researchers at Evercore ISI from $235.00 to $250.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 13.70% from the stock’s current price.
A number of other analysts also recently issued reports on the company. Wells Fargo & Co lifted their target price on Constellation Brands from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Macquarie boosted their price target on Constellation Brands from $246.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna Bancshares set a $207.00 price target on Constellation Brands and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a research report on Monday, December 18th. Finally, Deutsche Bank assumed coverage on Constellation Brands in a research report on Wednesday, December 13th. They set a “buy” rating and a $244.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $225.55.
Constellation Brands (NYSE STZ) traded down $5.91 during trading hours on Friday, hitting $219.88. The company had a trading volume of 10,173,339 shares, compared to its average volume of 4,253,950. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $43,000.00, a P/E ratio of 28.12, a P/E/G ratio of 1.46 and a beta of 0.08. Constellation Brands has a twelve month low of $146.40 and a twelve month high of $229.50.
Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. During the same quarter in the previous year, the business earned $1.96 earnings per share. research analysts anticipate that Constellation Brands will post 8.43 EPS for the current year.
In other Constellation Brands news, VP Thomas J. Mullin sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry A. Fromberg sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. increased its holdings in shares of Constellation Brands by 12.9% during the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock worth $634,000 after buying an additional 362 shares in the last quarter. Oak Ridge Investments LLC increased its holdings in shares of Constellation Brands by 24.4% during the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock worth $6,956,000 after buying an additional 7,052 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Constellation Brands by 12.2% during the third quarter. Toronto Dominion Bank now owns 65,188 shares of the company’s stock worth $13,000,000 after buying an additional 7,086 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Constellation Brands by 88.1% during the second quarter. Achmea Investment Management B.V. now owns 9,343 shares of the company’s stock worth $1,808,000 after buying an additional 4,377 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new position in shares of Constellation Brands during the third quarter worth $204,000. Institutional investors and hedge funds own 74.86% of the company’s stock.
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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.