Analysts Set Constellation Brands Inc (NYSE:STZ) PT at $181.96

Shares of Constellation Brands Inc (NYSE:STZ) have earned a consensus recommendation of “Hold” from the twenty-eight research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $181.9583.

STZ has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas lowered shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. Zacks Research raised shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Jefferies Financial Group cut their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Finally, UBS Group set a $160.00 target price on shares of Constellation Brands in a report on Tuesday, October 7th.

Constellation Brands Trading Up 0.3%

NYSE:STZ traded up $0.44 during trading hours on Wednesday, hitting $139.67. The company had a trading volume of 79,489 shares, compared to its average volume of 2,505,525. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The stock has a 50-day moving average price of $136.19 and a 200 day moving average price of $150.45. The company has a market capitalization of $24.45 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 0.43 and a beta of 0.46. Constellation Brands has a 52 week low of $126.45 and a 52 week high of $228.89.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The firm had revenue of $2.32 billion during the quarter. On average, equities research analysts predict that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands’s payout ratio is presently 59.56%.

Hedge Funds Weigh In On Constellation Brands

Several institutional investors and hedge funds have recently modified their holdings of STZ. Root Financial Partners LLC purchased a new stake in Constellation Brands during the 3rd quarter valued at about $26,000. Stance Capital LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $30,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands during the first quarter valued at approximately $39,000. Finally, WPG Advisers LLC bought a new stake in shares of Constellation Brands during the first quarter valued at approximately $43,000. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.