Constellation Brands’ (STZ) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Constellation Brands (NYSE:STZ) in a research note published on Friday morning, Marketbeat.com reports. They currently have a $185.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Raymond James Financial set a $150.00 price objective on Constellation Brands in a report on Thursday, September 17th. Evercore set a $160.00 target price on Constellation Brands in a research note on Monday, September 21st. Freedom Capital downgraded Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Citigroup dropped their price target on Constellation Brands from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Finally, BNP Paribas Exane cut their price target on shares of Constellation Brands from $115.00 to $110.00 and set an “underperform” rating on the stock in a report on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $158.90.

Constellation Brands Stock Performance

Constellation Brands stock opened at $113.00 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The firm has a market cap of $19.30 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.24 and a beta of 0.44. Constellation Brands has a 1-year low of $111.54 and a 1-year high of $168.60. The firm has a 50-day moving average of $126.96 and a 200-day moving average of $139.17.

Institutional Trading of Constellation Brands

A number of institutional investors and hedge funds have recently bought and sold shares of STZ. Ally Financial Inc. purchased a new stake in shares of Constellation Brands during the second quarter valued at approximately $1,600,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Constellation Brands in the 2nd quarter worth approximately $31,582,000. Concurrent Investment Advisors LLC raised its holdings in Constellation Brands by 1,613.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company’s stock worth $3,883,000 after acquiring an additional 26,286 shares during the last quarter. CORDA Investment Management LLC. lifted its position in Constellation Brands by 12.6% in the 1st quarter. CORDA Investment Management LLC. now owns 140,050 shares of the company’s stock valued at $21,008,000 after acquiring an additional 15,694 shares in the last quarter. Finally, Amundi lifted its position in Constellation Brands by 15.1% in the 1st quarter. Amundi now owns 412,470 shares of the company’s stock valued at $61,870,000 after acquiring an additional 54,158 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.