Constellation Brands (NYSE:STZ) Given New $300.00 Price Target at Evercore ISI

Constellation Brands (NYSE:STZ) had its price objective decreased by equities research analysts at Evercore ISI from $310.00 to $300.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s target price points to a potential upside of 21.62% from the stock’s current price.

STZ has been the subject of several other reports. Jefferies Financial Group lifted their price target on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Truist Financial reissued a “hold” rating and issued a $265.00 price target on shares of Constellation Brands in a report on Wednesday, July 3rd. Roth Mkm reduced their price objective on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $315.00 target price on shares of Constellation Brands in a research note on Friday, July 5th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.75.

Constellation Brands Trading Up 1.2 %

Shares of Constellation Brands stock opened at $246.67 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a market capitalization of $45.13 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.74 and a beta of 1.75. Constellation Brands has a 52-week low of $227.50 and a 52-week high of $274.87. The stock’s 50-day simple moving average is $246.53 and its 200 day simple moving average is $253.39.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. Constellation Brands’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.70 EPS. As a group, research analysts anticipate that Constellation Brands will post 13.53 EPS for the current year.

Insider Activity at Constellation Brands

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at approximately $2,808,480. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,414 shares of company stock valued at $3,982,922. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New Millennium Group LLC purchased a new position in Constellation Brands in the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Constellation Brands during the 2nd quarter valued at $29,000. Horizon Bancorp Inc. IN purchased a new stake in Constellation Brands during the 2nd quarter valued at $32,000. YHB Investment Advisors Inc. bought a new stake in Constellation Brands in the 1st quarter worth $35,000. Finally, First Financial Corp IN purchased a new position in shares of Constellation Brands in the first quarter valued at about $35,000. Institutional investors own 77.34% of the company’s stock.

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.