Constellation Brands (NYSE:STZ) Raised to “Hold” at StockNews.com

Constellation Brands (NYSE:STZ) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

STZ has been the subject of several other research reports. BNP Paribas initiated coverage on shares of Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI cut their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Finally, Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Constellation Brands Price Performance

STZ stock opened at $162.69 on Thursday. The stock has a market capitalization of $29.40 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company’s 50-day moving average is $202.88 and its 200-day moving average is $228.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The company’s revenue was down .3% on a year-over-year basis. Equities research analysts expect that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently modified their holdings of STZ. Mainstream Capital Management LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Optiver Holding B.V. bought a new position in Constellation Brands during the fourth quarter valued at approximately $31,000. 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.