Shares of Constellation Brands, Inc. (NYSE:STZ) have been given a consensus rating of “Buy” by the twenty-seven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $246.25.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised their target price on shares of Constellation Brands from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday. Pivotal Research restated a “buy” rating and issued a $300.00 target price (up previously from $265.00) on shares of Constellation Brands in a report on Friday, October 5th. Morgan Stanley set a $255.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, Macquarie set a $245.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a report on Friday, October 5th.
Shares of Constellation Brands stock opened at $225.69 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. Constellation Brands has a 52-week low of $198.85 and a 52-week high of $236.62. The company has a market capitalization of $41.23 billion, a PE ratio of 25.88, a PEG ratio of 2.13 and a beta of 0.01.
Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 4th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.27. Constellation Brands had a net margin of 31.51% and a return on equity of 19.81%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business earned $2.47 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. As a group, analysts predict that Constellation Brands will post 9.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, November 5th. Constellation Brands’s payout ratio is 10.67%.
A number of hedge funds have recently made changes to their positions in STZ. Sun Life Financial INC lifted its position in Constellation Brands by 155.3% during the second quarter. Sun Life Financial INC now owns 457 shares of the company’s stock valued at $100,000 after buying an additional 278 shares during the period. Clarus Wealth Advisors purchased a new position in Constellation Brands during the second quarter valued at $111,000. Atlantic Trust LLC purchased a new position in Constellation Brands during the second quarter valued at $114,000. Benjamin F. Edwards & Company Inc. lifted its position in Constellation Brands by 227.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock valued at $115,000 after buying an additional 366 shares during the period. Finally, Stelac Advisory Services LLC purchased a new position in Constellation Brands during the second quarter valued at $125,000. 73.49% of the stock is owned by institutional investors.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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