Constellation Brands (NYSE:STZ) Price Target Lowered to $256.00 at Roth Mkm

Constellation Brands (NYSE:STZ) had its target price cut by equities research analysts at Roth Mkm from $284.00 to $256.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 47.31% from the stock’s previous close.

A number of other analysts have also recently commented on STZ. Needham & Company LLC reduced their price target on Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Royal Bank of Canada lowered their price target on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Citigroup lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $260.00 to $200.00 in a research report on Thursday, March 20th. Finally, Morgan Stanley downgraded shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $244.32.

Constellation Brands Price Performance

NYSE STZ opened at $173.79 on Thursday. The company has a 50-day moving average price of $177.14 and a 200-day moving average price of $212.55. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $31.41 billion, a P/E ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75.

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

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several hedge funds and other institutional investors have recently bought and sold shares of STZ. Mainstream Capital Management LLC bought a new position in Constellation Brands during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Constellation Brands in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

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.