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

Constellation Brands (NYSE:STZ) had its price target upped by equities researchers at UBS Group from $195.00 to $205.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 18.76% from the company’s current price.

Several other research analysts also recently weighed in on STZ. Wall Street Zen upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an “overweight” rating on the stock in a report on Wednesday, June 25th. Royal Bank Of Canada lowered their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Needham & Company LLC increased their target price on shares of Constellation Brands from $195.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Finally, Bernstein Bank lowered their target price on shares of Constellation Brands from $260.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $213.35.

Constellation Brands Stock Performance

STZ opened at $172.61 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average price is $177.11 and its two-hundred day moving average price is $183.64. Constellation Brands has a 1-year low of $159.35 and a 1-year high of $264.45. The company has a market cap of $30.73 billion, a price-to-earnings ratio of -72.22, a PEG ratio of 9.57 and a beta of 0.67.

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

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’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 completion of the sale, the executive vice president owned 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.45% of the company’s stock.

Institutional Trading of Constellation Brands

A number of large investors have recently added to or reduced their stakes in STZ. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the fourth quarter worth about $26,000. Minot DeBlois Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth about $29,000. Optiver Holding B.V. bought a new position in Constellation Brands during the fourth quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in Constellation Brands during the first quarter worth about $32,000. Finally, Rakuten Securities Inc. boosted its position in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the period. Hedge funds and other 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.