Constellation Brands, Inc. (STZ) Given Average Rating of “Buy” by Brokerages

Constellation Brands, Inc. (NYSE:STZ) has been given a consensus recommendation of “Buy” by the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $226.55.

STZ has been the subject of several research analyst reports. Macquarie initiated coverage on Constellation Brands in a research report on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. Susquehanna Bancshares restated a “neutral” rating and set a $193.00 price target (up from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Pivotal Research raised their price target on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks restated a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Stifel Nicolaus raised their price target on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th.

In other news, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total value of $520,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the sale, the vice president now owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,727 shares of company stock worth $14,947,941. Insiders own 15.59% of the company’s stock.

A number of institutional investors have recently bought and sold shares of STZ. Janus Henderson Group PLC raised its stake in Constellation Brands by 4,909.6% in the second quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock valued at $219,829,000 after buying an additional 1,112,065 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Constellation Brands by 488.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock valued at $231,093,000 after buying an additional 990,152 shares in the last quarter. Farallon Capital Management LLC acquired a new stake in Constellation Brands in the second quarter valued at $135,760,000. Numeric Investors LLC raised its stake in Constellation Brands by 2,217.6% in the second quarter. Numeric Investors LLC now owns 720,771 shares of the company’s stock valued at $139,635,000 after buying an additional 689,671 shares in the last quarter. Finally, Capital Research Global Investors acquired a new stake in Constellation Brands in the second quarter valued at $70,971,000. Institutional investors own 74.86% of the company’s stock.

Constellation Brands (NYSE STZ) traded down $5.91 on Monday, hitting $219.88. The stock had a trading volume of 10,175,300 shares, compared to its average volume of 4,255,400. Constellation Brands has a 1-year low of $146.40 and a 1-year high of $229.50. The stock has a market capitalization of $42,390.00, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.42 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.49% and a net margin of 22.55%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.96 earnings per share. research analysts expect that Constellation Brands will post 8.44 earnings per share for the current year.

Constellation Brands announced that its Board of Directors has initiated a stock repurchase plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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