Constellation Brands (NYSE:STZ) had its price objective upped by analysts at Credit Suisse Group from $211.00 to $226.00 in a research report issued on Tuesday, January 9th. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 4.68% from the stock’s previous close.
Several other research analysts have also issued reports on STZ. Susquehanna Bancshares reissued a “neutral” rating and issued a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Citigroup reaffirmed a “neutral” rating and set a $232.00 price objective (up previously from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. Royal Bank of Canada raised their price objective on shares of Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. Evercore ISI raised their price objective on shares of Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus raised their price objective on shares of Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $232.80.
Shares of Constellation Brands (NYSE:STZ) opened at $215.89 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. Constellation Brands has a fifty-two week low of $148.38 and a fifty-two week high of $229.50. The stock has a market cap of $42,030.00, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.36 and a beta of 0.11.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.13. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $1.96 earnings per share. equities research analysts predict that Constellation Brands will post 8.53 EPS for the current fiscal year.
Constellation Brands announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the transaction, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Fromberg sold 2,005 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the transaction, the director now owns 20,790 shares in the company, valued at $4,582,531.80. The disclosure for this sale can be found here. 15.59% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in shares of Constellation Brands by 1.4% during the 4th quarter. Huntington National Bank now owns 203,663 shares of the company’s stock worth $46,550,000 after buying an additional 2,833 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Constellation Brands by 4.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 31,993 shares of the company’s stock worth $7,313,000 after buying an additional 1,220 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth about $923,000. Parsons Capital Management Inc. RI bought a new stake in shares of Constellation Brands during the 4th quarter worth about $752,000. Finally, Moody Lynn & Lieberson LLC bought a new stake in Constellation Brands in the 4th quarter valued at about $509,000. 75.42% of the stock is owned by institutional investors and hedge funds.
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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.
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