Constellation Brands (NYSE:STZ) had its target price lifted by stock analysts at Smith Barney Citigroup from $220.00 to $244.00 in a research note issued to investors on Friday, The Fly reports. Smith Barney Citigroup’s price objective points to a potential upside of 5.99% from the company’s current price.
Several other research analysts have also issued reports on the company. UBS Group increased their price target on Constellation Brands from $238.00 to $256.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Constellation Brands from $218.00 to $248.00 and gave the stock an “overweight” rating in a report on Monday, December 28th. Argus increased their price target on Constellation Brands from $230.00 to $272.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley increased their price target on Constellation Brands from $203.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, November 17th. Finally, Wells Fargo & Company increased their price target on Constellation Brands from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $219.38.
Shares of Constellation Brands stock opened at $230.21 on Friday. Constellation Brands has a one year low of $104.28 and a one year high of $240.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.16. The stock’s 50-day moving average is $211.90 and its 200 day moving average is $189.95. The firm has a market cap of $44.61 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 3.26 and a beta of 0.94.
Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 6th. The company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.41 by $0.68. Constellation Brands had a return on equity of 15.08% and a net margin of 12.35%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, sell-side analysts expect that Constellation Brands will post 9.13 EPS for the current fiscal year.
In other Constellation Brands news, Director Judy Schmeling sold 5,662 shares of the firm’s stock in a transaction on Monday, November 30th. The stock was sold at an average price of $205.51, for a total value of $1,163,597.62. Following the completion of the sale, the director now directly owns 9,938 shares of the company’s stock, valued at $2,042,358.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.77% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. increased its position in Constellation Brands by 30.4% in the third quarter. Pin Oak Investment Advisors Inc. now owns 240 shares of the company’s stock worth $45,000 after buying an additional 56 shares during the last quarter. Sigma Planning Corp increased its position in Constellation Brands by 1.0% in the third quarter. Sigma Planning Corp now owns 6,235 shares of the company’s stock worth $1,182,000 after buying an additional 59 shares during the last quarter. Resources Investment Advisors LLC. increased its position in Constellation Brands by 2.0% in the third quarter. Resources Investment Advisors LLC. now owns 3,020 shares of the company’s stock worth $572,000 after buying an additional 60 shares during the last quarter. Tompkins Financial Corp increased its position in Constellation Brands by 9.4% in the third quarter. Tompkins Financial Corp now owns 697 shares of the company’s stock worth $132,000 after buying an additional 60 shares during the last quarter. Finally, Manchester Financial Inc. increased its position in Constellation Brands by 55.1% in the third quarter. Manchester Financial Inc. now owns 197 shares of the company’s stock worth $37,000 after buying an additional 70 shares during the last quarter. 71.77% of the stock is owned by institutional investors and hedge funds.
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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
Featured Article: Marijuana Stocks
