Constellation Brands Inc (NYSE:STZ)‘s stock had its “buy” rating reiterated by Royal Bank Of Canada in a note issued to investors on Sunday. They currently have a $226.00 target price on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 3.35% from the company’s current price.
A number of other analysts also recently issued reports on the company. Macquarie initiated coverage on Constellation Brands in a research report on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. SunTrust Banks, Inc. reiterated a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. BidaskClub downgraded Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Pivotal Research lifted their price target on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $216.00 price objective (up from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Constellation Brands presently has an average rating of “Buy” and a consensus target price of $216.00.
Shares of Constellation Brands (NYSE STZ) traded up $0.54 on Friday, hitting $218.67. The stock had a trading volume of 672,100 shares, compared to its average volume of 1,161,551. The company has a market cap of $42,773.38, a P/E ratio of 26.51, a PEG ratio of 1.41 and a beta of 0.10. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $219.56.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. The firm 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 22.81% and a net margin of 21.47%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. equities research analysts expect that Constellation Brands will post 8.43 EPS for the current year.
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In other Constellation Brands news, EVP William F. Hackett sold 12,517 shares of Constellation Brands stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total value of $2,465,849.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. Insiders sold a total of 86,179 shares of company stock worth $18,030,434 over the last ninety days. Insiders own 15.59% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the period. North Star Investment Management Corp. increased its stake in shares of Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the period. Hanson McClain Inc. increased its stake in shares of Constellation Brands by 0.4% during 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. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Constellation Brands during the second quarter valued at approximately $157,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.
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.
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