Constellation Brands Inc (NYSE:STZ)‘s stock had its “outperform” rating reaffirmed by stock analysts at Evercore ISI in a report released on Friday, October 6th. They presently have a $235.00 target price on the stock, up from their previous target price of $230.00. Evercore ISI’s target price would indicate a potential upside of 11.67% from the company’s current price.
STZ has been the subject of a number of other reports. Morgan Stanley upped their target price on Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, October 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $198.00 target price (down from $200.00) on shares of Constellation Brands in a research note on Friday, June 23rd. BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reiterated an “outperform” rating and issued a $215.00 price target (up previously from $205.00) on shares of Constellation Brands in a report on Monday, July 3rd. Finally, Credit Suisse Group set a $203.00 target price on Constellation Brands and gave the stock a “hold” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $216.00.
Constellation Brands (NYSE:STZ) opened at 210.45 on Friday. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40. The firm has a market capitalization of $41.17 billion, a price-to-earnings ratio of 24.18 and a beta of 0.04. The firm has a 50-day moving average of $202.77 and a 200 day moving average of $188.88.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. Constellation Brands’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. On average, equities analysts predict that Constellation Brands will post $8.42 EPS for the current year.
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In other Constellation Brands news, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the sale, the vice president now directly owns 86,005 shares of the company’s stock, valued at $16,727,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher Stenzel sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $196.75, for a total value of $983,750.00. Following the completion of the sale, the executive vice president now directly owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,786 shares of company stock worth $15,251,456. Corporate insiders own 15.59% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in Constellation Brands by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the period. Harbour Capital Advisors LLC bought a new stake in Constellation Brands during the first quarter valued at $117,000. North Star Investment Management Corp. boosted its stake in Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the period. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.4% during the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the period. 74.90% of the stock is owned by hedge funds and other institutional investors.
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.
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