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

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $185.00 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 63.71% from the company’s previous close.

Several other research firms also recently issued reports on STZ. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a report on Thursday, September 17th. Jefferies Financial Group reduced their price objective on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a report on Monday, September 14th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Citigroup lowered their price objective on shares of Constellation Brands from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $158.90.

Constellation Brands Trading Up 0.1%

Shares of STZ stock opened at $113.00 on Friday. The company has a market cap of $19.30 billion, a PE ratio of 10.78, a P/E/G ratio of 2.24 and a beta of 0.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock’s fifty day moving average price is $126.96 and its two-hundred day moving average price is $139.17. Constellation Brands has a fifty-two week low of $111.54 and a fifty-two week high of $168.60.

Institutional Investors Weigh In On Constellation Brands

Institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC boosted its position in Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after buying an additional 72 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Constellation Brands by 4.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock worth $296,000 after buying an additional 77 shares during the period. Rexford Capital Inc. raised its stake in Constellation Brands by 4.0% during the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company’s stock worth $311,000 after buying an additional 79 shares during the period. Keybank National Association OH raised its stake in Constellation Brands by 4.0% during the 1st quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock worth $351,000 after buying an additional 90 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in shares of Constellation Brands by 3.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,643 shares of the company’s stock valued at $397,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.