Constellation Brands (NYSE:STZ) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday, February 5th. The firm presently has a $238.15 price objective on the stock. Vetr‘s price target indicates a potential upside of 11.80% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup reiterated a “neutral” rating and issued a $232.00 target price (up previously from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $226.00 target price on shares of Constellation Brands in a report on Sunday, November 12th. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank began coverage on Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 price objective on the stock. Finally, Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the stock a “hold” rating in a report on Monday, January 1st. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $237.77.
Shares of Constellation Brands (NYSE:STZ) opened at $213.01 on Monday. Constellation Brands has a 1-year low of $153.28 and a 1-year high of $229.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54. The firm has a market cap of $40,939.73, a PE ratio of 23.20, a P/E/G ratio of 1.29 and a beta of 0.11.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share 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 the consensus estimate of $1.87 billion. During the same period in the prior year, the company earned $1.96 EPS. analysts forecast that Constellation Brands will post 8.53 EPS for the current fiscal year.
Constellation Brands announced that its Board of Directors has authorized a share buyback plan on Friday, January 5th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
In other news, Director Barry A. Fromberg sold 2,005 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the completion of the sale, the director now directly owns 20,790 shares in the company, valued at $4,582,531.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.59% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Egerton Capital UK LLP boosted its holdings in Constellation Brands by 13.0% in the third quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock valued at $612,522,000 after acquiring an additional 353,490 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Constellation Brands by 11,394.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,183,937 shares of the company’s stock valued at $270,612,000 after acquiring an additional 1,173,637 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in Constellation Brands by 11.0% during the third quarter. Westfield Capital Management Co. LP now owns 857,830 shares of the company’s stock worth $171,094,000 after buying an additional 84,876 shares during the last quarter. Swiss National Bank boosted its holdings in Constellation Brands by 0.9% during the fourth quarter. Swiss National Bank now owns 772,716 shares of the company’s stock worth $176,620,000 after buying an additional 6,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Constellation Brands by 2.7% during the third quarter. Legal & General Group Plc now owns 695,418 shares of the company’s stock worth $138,703,000 after buying an additional 18,400 shares during the last quarter. Institutional investors and hedge funds own 75.36% 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.
To view Vetr’s full report, visit Vetr’s official website.
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