JPMorgan Chase & Co. Raises Constellation Brands (NYSE:STZ) Price Target to $182.00

Constellation Brands (NYSE:STZ) had its target price upped by stock analysts at JPMorgan Chase & Co. from $170.00 to $182.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 5.44% from the stock’s current price.

STZ has been the subject of a number of other research reports. Bernstein Bank cut their target price on shares of Constellation Brands from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. DA Davidson dropped their price target on shares of Constellation Brands from $272.00 to $241.00 in a research note on Friday, April 11th. Truist Financial upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. CJS Securities lowered their target price on shares of Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Finally, Roth Mkm cut their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.35.

Constellation Brands Stock Down 0.7%

Shares of NYSE STZ opened at $172.61 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.56. The company has a 50-day moving average price of $177.11 and a 200-day moving average price of $183.64. The stock has a market capitalization of $30.73 billion, a P/E ratio of -72.22, a P/E/G ratio of 9.57 and a beta of 0.67. Constellation Brands has a 1 year low of $159.35 and a 1 year high of $264.45.

Constellation Brands (NYSE:STZ) last issued 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 negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business posted $3.57 earnings per share. Constellation Brands’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts forecast that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction dated Tuesday, May 13th. The stock was 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 of the company’s stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.45% of the stock is owned by insiders.

Institutional Trading of Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the period. Capital World Investors grew its position in shares of Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after purchasing an additional 324,690 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $1,242,976,000. Wellington Management Group LLP increased its stake in shares of Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after purchasing an additional 2,514,517 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after purchasing an additional 63,323 shares in the last quarter. Institutional investors and hedge funds 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.