Constellation Brands (STZ) Rating Reiterated by Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Constellation Brands (NYSE:STZ) in a research note issued to investors on Sunday, November 12th. Royal Bank Of Canada currently has a $226.00 target price on the stock.

STZ has been the topic of a number of other research reports. Morgan Stanley lifted their price objective on shares of Constellation Brands from $218.00 to $245.00 and gave the stock an overweight rating in a research report on Friday, October 6th. Goldman Sachs Group downgraded shares of Constellation Brands from a buy rating to a neutral rating and dropped their target price for the stock from $212.00 to $210.00 in a research report on Monday, July 24th. Evercore ISI reissued an outperform rating and set a $235.00 target price (up previously from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. BidaskClub raised shares of Constellation Brands from a buy rating to a strong-buy rating in a research report on Friday, August 18th. Finally, J P Morgan Chase & Co reissued an overweight rating and set a $237.00 target price (up previously from $220.00) on shares of Constellation Brands in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands presently has an average rating of Buy and a consensus target price of $216.00.

Shares of Constellation Brands (NYSE STZ) traded up $1.01 on Friday, reaching $218.60. 1,082,162 shares of the company were exchanged, compared to its average volume of 1,460,807. Constellation Brands has a one year low of $144.00 and a one year high of $227.20. The company has a market cap of $42,770.00, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.10. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. equities analysts predict that Constellation Brands will post 8.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 11.89%.

In other news, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William A. Newlands sold 2,935 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after purchasing an additional 193 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after acquiring an additional 78 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Constellation Brands during the third quarter worth approximately $153,000. Hanson McClain Inc. grew its position in shares of Constellation Brands by 0.4% during the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after acquiring an additional 3 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after acquiring an additional 670 shares during the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

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Constellation Brands Company Profile

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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