Morgan Stanley Analysts Give Constellation Brands (STZ) a $255.00 Price Target

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Morgan Stanley set a $255.00 price objective on Constellation Brands (NYSE:STZ) in a research report released on Friday, October 5th, The Fly reports. The firm currently has a buy rating on the stock.

STZ has been the topic of a number of other research reports. Susquehanna Bancshares decreased their target price on shares of Constellation Brands from $171.00 to $165.00 and set a negative rating on the stock in a research note on Monday, October 1st. Bank of America boosted their target price on shares of Constellation Brands from $235.00 to $240.00 and gave the stock a buy rating in a research note on Friday, October 5th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Constellation Brands in a research note on Friday, September 28th. UBS Group cut shares of Constellation Brands to a neutral rating in a research note on Monday, August 20th. Finally, Royal Bank of Canada boosted their target price on shares of Constellation Brands to $300.00 and gave the stock an outperform rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands presently has an average rating of Buy and a consensus target price of $246.53.

STZ traded up $7.92 during trading on Friday, hitting $225.69. 2,965,834 shares of the stock traded hands, compared to its average volume of 1,925,918. Constellation Brands has a twelve month low of $198.85 and a twelve month high of $236.62. The company has a market cap of $41.23 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.13 and a beta of 0.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 4th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.60 by $0.27. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Constellation Brands had a net margin of 31.51% and a return on equity of 19.81%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. On average, analysts expect that Constellation Brands will post 9.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.96 annualized dividend and a yield of 1.31%. Constellation Brands’s payout ratio is 10.67%.

A number of hedge funds have recently added to or reduced their stakes in STZ. Sun Life Financial INC grew its position in Constellation Brands by 155.3% in the 2nd quarter. Sun Life Financial INC now owns 457 shares of the company’s stock worth $100,000 after purchasing an additional 278 shares in the last quarter. Clarus Wealth Advisors bought a new stake in Constellation Brands in the 2nd quarter worth about $111,000. Atlantic Trust LLC bought a new stake in Constellation Brands in the 2nd quarter worth about $114,000. Benjamin F. Edwards & Company Inc. grew its position in Constellation Brands by 227.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock worth $115,000 after purchasing an additional 366 shares in the last quarter. Finally, Stelac Advisory Services LLC bought a new stake in Constellation Brands in the 2nd quarter worth about $125,000. Institutional investors and hedge funds own 73.49% 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. 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.

Read More: Diversification

The Fly

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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