Constellation Brands (NYSE:STZ) Given New $282.00 Price Target at Barclays

Constellation Brands (NYSE:STZ) had its target price lowered by Barclays from $300.00 to $282.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 29.10% from the company’s previous close.

A number of other research firms also recently issued reports on STZ. Roth Mkm restated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Evercore ISI cut their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. BMO Capital Markets lowered their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Tuesday. Finally, BNP Paribas began coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.25.

Constellation Brands Stock Down 2.0 %

STZ opened at $218.44 on Wednesday. The stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 70.69, a PEG ratio of 1.69 and a beta of 1.75. The firm has a 50 day moving average price of $233.49 and a 200-day moving average price of $242.46. Constellation Brands has a twelve month low of $217.52 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

Insider Activity

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the transaction, the executive vice president now owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 23.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,956 shares of company stock worth $46,058,091. 12.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently modified their holdings of STZ. Ashton Thomas Private Wealth LLC bought a new stake in Constellation Brands in the second quarter worth $36,000. Wellington Shields & Co. LLC raised its stake in shares of Constellation Brands by 50.0% in the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares during the period. Eastern Bank bought a new stake in shares of Constellation Brands in the 3rd quarter worth about $39,000. Versant Capital Management Inc boosted its stake in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth about $42,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.