Constellation Brands (STZ) Given a $192.00 Price Target at Macquarie

Constellation Brands (NYSE:STZ) received a $192.00 target price from stock analysts at Macquarie in a report issued on Monday, December 17th. The brokerage presently has a “hold” rating on the stock. Macquarie’s price objective would indicate a potential upside of 22.33% from the stock’s previous close.

A number of other brokerages have also issued reports on STZ. Jefferies Financial Group reissued a “buy” rating and issued a $289.00 price target on shares of Constellation Brands in a research note on Wednesday, October 17th. Morgan Stanley set a $259.00 price target on Constellation Brands and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Citigroup raised their price target on Constellation Brands from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Zacks Investment Research raised Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, ValuEngine raised Constellation Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $241.51.

NYSE:STZ traded down $5.23 during mid-day trading on Monday, reaching $156.95. The company’s stock had a trading volume of 1,541,039 shares, compared to its average volume of 2,156,042. The company has a current ratio of 1.66, a quick ratio of 0.76 and a debt-to-equity ratio of 0.80. Constellation Brands has a twelve month low of $156.25 and a twelve month high of $236.62. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.58 and a beta of 0.05.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 4th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.27. Constellation Brands had a return on equity of 18.63% and a net margin of 38.18%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company earned $2.47 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts forecast that Constellation Brands will post 9.39 earnings per share for the current fiscal year.

In related news, CEO Robert Sands sold 136,547 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $223.62, for a total transaction of $30,534,640.14. Following the transaction, the chief executive officer now directly owns 737,607 shares of the company’s stock, valued at approximately $164,943,677.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Michael Kane sold 4,419 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $223.83, for a total value of $989,104.77. Following the transaction, the vice president now directly owns 8,499 shares in the company, valued at $1,902,331.17. The disclosure for this sale can be found here. Insiders sold a total of 578,723 shares of company stock worth $129,438,449 over the last ninety days. Corporate insiders own 15.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its position in Constellation Brands by 49.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 787 shares of the company’s stock worth $170,000 after acquiring an additional 260 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Constellation Brands by 1.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,072 shares of the company’s stock worth $5,269,000 after acquiring an additional 270 shares in the last quarter. OLD Second National Bank of Aurora lifted its position in Constellation Brands by 1.9% during the 3rd quarter. OLD Second National Bank of Aurora now owns 14,312 shares of the company’s stock worth $3,086,000 after acquiring an additional 272 shares in the last quarter. Avitas Wealth Management LLC lifted its position in Constellation Brands by 2.0% during the 3rd quarter. Avitas Wealth Management LLC now owns 14,313 shares of the company’s stock worth $3,086,000 after acquiring an additional 274 shares in the last quarter. Finally, Hendley & Co. Inc. lifted its position in Constellation Brands by 22.4% during the 3rd quarter. Hendley & Co. Inc. now owns 1,502 shares of the company’s stock worth $324,000 after acquiring an additional 275 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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