Constellation Brands Inc. (STZ) PT Set at $181.00 by RBC Capital Markets
Constellation Brands Inc. (NYSE:STZ) has been assigned a $181.00 target price by equities researchers at RBC Capital Markets in a research report issued on Wednesday. The brokerage presently has a a “buy” rating on the stock. RBC Capital Markets’ target price indicates a potential upside of 9.06% from the stock’s current price.
A number of other equities analysts also recently weighed in on STZ. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a research report on Friday, June 3rd. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $181.00 price target on shares of Constellation Brands in a research report on Wednesday, June 22nd. Susquehanna reaffirmed a “hold” rating and set a $155.00 price target on shares of Constellation Brands in a research report on Tuesday, June 28th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Constellation Brands in a research report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $174.79.
Shares of Constellation Brands (NYSE:STZ) traded down 0.46% during trading on Wednesday, reaching $165.20. 786,193 shares of the company were exchanged. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 29.77 and a beta of 0.72. Constellation Brands has a one year low of $123.51 and a one year high of $168.68. The company has a 50 day moving average price of $165.23 and a 200-day moving average price of $159.41.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. Constellation Brands had a return on equity of 17.66% and a net margin of 15.53%. The firm earned $1.87 billion during the quarter. During the same period last year, the company earned $1.26 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Equities analysts predict that Constellation Brands will post $6.31 EPS for the current year.
In related news, CFO David Eric Klein sold 14,300 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $166.27, for a total value of $2,377,661.00. Following the transaction, the chief financial officer now owns 36,152 shares in the company, valued at $6,010,993.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas J. Mullin sold 9,516 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $166.42, for a total value of $1,583,652.72. Following the completion of the transaction, the vice president now owns 88,602 shares in the company, valued at approximately $14,745,144.84. The disclosure for this sale can be found here. 10.63% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of STZ. Glenmede Trust Co. NA boosted its position in shares of Constellation Brands by 505.7% in the first quarter. Glenmede Trust Co. NA now owns 5,300 shares of the company’s stock worth $800,000 after buying an additional 4,425 shares during the last quarter. Aperio Group LLC boosted its position in shares of Constellation Brands by 10.5% in the first quarter. Aperio Group LLC now owns 63,350 shares of the company’s stock worth $9,572,000 after buying an additional 6,008 shares during the last quarter. Icon Advisers Inc. Co. bought a new position in shares of Constellation Brands during the first quarter worth approximately $408,000. AR Asset Management Inc. bought a new position in shares of Constellation Brands during the first quarter worth approximately $302,000. Finally, Morris Capital Advisors LLC bought a new position in shares of Constellation Brands during the first quarter worth approximately $5,891,000. Institutional investors own 75.05% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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