Constellation Brands (NYSE:STZ) Stock Price Expected to Rise, Citigroup Analyst Says

Constellation Brands (NYSE:STZ) had its price target boosted by equities researchers at Citigroup from $170.00 to $174.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 0.81% from the stock’s previous close.

STZ has been the subject of several other research reports. Roth Mkm decreased their price target on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Roth Capital cut their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a “buy” rating on the stock in a research report on Tuesday, May 20th. Morgan Stanley cut their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. UBS Group boosted their price objective on shares of Constellation Brands from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America boosted their price objective on shares of Constellation Brands from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.35.

Constellation Brands Price Performance

Shares of STZ stock opened at $172.61 on Thursday. Constellation Brands has a 12-month low of $159.35 and a 12-month high of $264.45. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of -72.22, a price-to-earnings-growth ratio of 9.57 and a beta of 0.67. The company has a quick ratio of 0.56, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average of $177.11 and a 200-day moving average of $183.64.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm earned $3.57 EPS. Constellation Brands’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities research analysts forecast that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president directly owned 3,126 shares of the company’s stock, valued at $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 12.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in STZ. Harbor Capital Advisors Inc. raised its holdings in shares of Constellation Brands by 36.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock valued at $560,000 after purchasing an additional 815 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $26,000. Golden State Wealth Management LLC raised its holdings in shares of Constellation Brands by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company’s stock valued at $405,000 after purchasing an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Constellation Brands by 28.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company’s stock valued at $1,351,000 after purchasing an additional 1,651 shares during the period. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of Constellation Brands by 8.1% in the 1st quarter. Johnson Investment Counsel Inc. now owns 2,495 shares of the company’s stock valued at $458,000 after purchasing an additional 187 shares during the period. 77.34% of the stock is owned by institutional investors.

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.