Constellation Brands (NYSE:STZ) Rating Increased to Hold at StockNews.com

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

A number of other equities research analysts also recently weighed in on STZ. UBS Group dropped their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Royal Bank of Canada cut their price target on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. Finally, Evercore ISI cut their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $225.74.

Constellation Brands Stock Down 0.7 %

Shares of STZ opened at $190.02 on Thursday. The business’s fifty day moving average price is $183.37 and its two-hundred day moving average price is $201.13. The firm has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $265.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.26 earnings per share. On average, analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Institutional Investors Weigh In On Constellation Brands

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC acquired a new position in Constellation Brands during the 4th quarter worth approximately $343,000. Grimes & Company Inc. bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $6,099,000. Empowered Funds LLC raised its holdings in shares of Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. acquired a new position in Constellation Brands during the fourth quarter worth $3,074,000. 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.