Constellation Brands (NYSE:STZ) Price Target Cut to $256.00 by Analysts at Roth Mkm

Constellation Brands (NYSE:STZ) had its price objective dropped by stock analysts at Roth Mkm from $284.00 to $256.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 41.22% from the stock’s current price.

A number of other brokerages have also recently issued reports on STZ. Wells Fargo & Company cut their price objective on Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays reduced their price target on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $244.32.

Constellation Brands Stock Performance

STZ stock traded down $1.45 during midday trading on Thursday, hitting $181.28. 1,431,963 shares of the company traded hands, compared to its average volume of 1,631,886. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $274.87. The business has a 50 day simple moving average of $177.29 and a 200-day simple moving average of $213.33. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $3.19 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities research analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after acquiring an additional 59 shares during the last quarter. BSW Wealth Partners raised its stake in Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after buying an additional 63 shares during the period. Philip James Wealth Mangement LLC grew its position in Constellation Brands by 8.0% in the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock valued at $204,000 after purchasing an additional 68 shares during the period. Oak Asset Management LLC boosted its stake in Constellation Brands by 0.4% during the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock valued at $3,892,000 after purchasing an additional 71 shares during the last quarter. Finally, Barden Capital Management Inc. lifted its stake in Constellation Brands by 1.3% during the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock valued at $1,232,000 after acquiring an additional 72 shares in the last quarter. 77.34% of the stock is currently 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.