Weiss Ratings Reiterates “Sell (D)” Rating for Constellation Brands (NYSE:STZ)

Constellation Brands (NYSE:STZ)‘s stock had its “sell (d)” rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently commented on the stock. TD Cowen reduced their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating for the company in a research note on Thursday, September 4th. The Goldman Sachs Group reduced their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. Raymond James Financial upgraded shares of Constellation Brands to a “strong-buy” rating in a research note on Monday, July 7th. Barclays restated an “equal weight” rating and set a $150.00 price objective (down from $202.00) on shares of Constellation Brands in a research note on Friday, September 12th. Finally, Roth Capital restated a “buy” rating and set a $209.00 price objective (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $143.20 on Wednesday. The firm has a market cap of $25.24 billion, a PE ratio of 20.91, a PEG ratio of 0.43 and a beta of 0.66. The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 1.26. Constellation Brands has a 1-year low of $131.20 and a 1-year high of $247.63. The company has a fifty day moving average price of $151.28 and a 200 day moving average price of $168.44.

Constellation Brands (NYSE:STZ) last announced its earnings results on Monday, October 6th. The company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.26. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.68 billion. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.32 EPS. Research analysts predict that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares of the company’s stock, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STZ. Laurel Wealth Advisors LLC bought a new position in Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. increased its holdings in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC bought a new position in shares of Constellation Brands during the first quarter worth approximately $39,000. Finally, Hoey Investments Inc. bought a new position in shares of Constellation Brands during the second quarter worth approximately $40,000. 77.34% of the stock is owned by institutional investors.

About Constellation Brands

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.