Constellation Brands (NYSE:STZ) Stock Rating Reaffirmed by Royal Bank of Canada

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a report released on Friday, Benzinga reports. They presently have a $308.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 24.86% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Roth Mkm reduced their target price on Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Barclays boosted their price target on Constellation Brands from $295.00 to $309.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a research report on Friday, July 5th. Finally, Evercore ISI decreased their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.75.

Constellation Brands Trading Up 1.2 %

Constellation Brands stock opened at $246.67 on Friday. Constellation Brands has a 12 month low of $227.50 and a 12 month high of $274.87. The company has a market capitalization of $45.13 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.75. The business’s fifty day simple moving average is $246.53 and its two-hundred day simple moving average is $253.39. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $3.70 EPS. As a group, equities analysts predict that Constellation Brands will post 13.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Brands

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the sale, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,414 shares of company stock valued at $3,982,922. Company insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in Constellation Brands by 39.4% in the 1st quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock valued at $3,175,583,000 after acquiring an additional 3,304,709 shares during the last quarter. Capital World Investors lifted its position in shares of Constellation Brands by 8.7% in the first quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock worth $2,456,892,000 after buying an additional 723,549 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Constellation Brands during the second quarter valued at approximately $119,394,000. Vanguard Group Inc. grew its holdings in Constellation Brands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after buying an additional 462,891 shares in the last quarter. Finally, Palestra Capital Management LLC bought a new stake in Constellation Brands in the 4th quarter worth approximately $83,195,000. 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.