Constellation Brands (NYSE:STZ) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $230.00 price target on the stock. Argus’ price objective suggests a potential upside of 24.37% from the company’s current price.
Several other research analysts have also commented on the company. Morgan Stanley lifted their price target on Constellation Brands from $183.00 to $196.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, June 15th. Deutsche Bank raised their price target on shares of Constellation Brands from $176.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Jefferies Financial Group upped their price objective on Constellation Brands from $224.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup increased their price objective on Constellation Brands from $176.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $197.32.
STZ opened at $184.93 on Thursday. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 1,027.45, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. The company’s 50 day simple moving average is $177.53 and its two-hundred day simple moving average is $173.61. Constellation Brands has a 1-year low of $104.28 and a 1-year high of $212.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.94 and a quick ratio of 1.18.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.01 by $0.29. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Constellation Brands had a return on equity of 15.10% and a net margin of 0.62%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 earnings per share. On average, equities analysts anticipate that Constellation Brands will post 8.88 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of STZ. BlackRock Inc. lifted its position in shares of Constellation Brands by 7.6% during the first quarter. BlackRock Inc. now owns 13,559,391 shares of the company’s stock worth $1,943,874,000 after purchasing an additional 961,594 shares in the last quarter. Capital Research Global Investors lifted its holdings in Constellation Brands by 35.4% during the 1st quarter. Capital Research Global Investors now owns 12,313,886 shares of the company’s stock worth $1,765,321,000 after buying an additional 3,217,357 shares in the last quarter. State Street Corp lifted its holdings in Constellation Brands by 0.8% during the 1st quarter. State Street Corp now owns 7,560,037 shares of the company’s stock worth $1,083,807,000 after buying an additional 63,069 shares in the last quarter. Wellington Management Group LLP boosted its position in Constellation Brands by 32.1% in the 1st quarter. Wellington Management Group LLP now owns 2,920,282 shares of the company’s stock valued at $418,651,000 after buying an additional 709,541 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Constellation Brands by 35.1% in the first quarter. Jennison Associates LLC now owns 2,708,253 shares of the company’s stock worth $388,255,000 after acquiring an additional 702,933 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.
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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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