Constellation Brands Inc (NYSE:STZ)‘s stock had its “outperform” rating reaffirmed by Wells Fargo & Company in a report issued on Saturday. They presently have a $216.00 price objective on the stock, up from their prior price objective of $215.00. Wells Fargo & Company’s target price suggests a potential upside of 8.81% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Vetr lowered Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 target price for the company. in a research report on Tuesday, May 16th. OTR Global lowered Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) upgraded Constellation Brands from a “buy” rating to a “conviction-buy” rating and decreased their target price for the stock from $200.00 to $168.95 in a research report on Monday, April 17th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $183.00 target price on shares of Constellation Brands in a research report on Friday, March 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $198.59.

Constellation Brands (NYSE STZ) opened at 198.52 on Friday. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $199.89. The company has a 50-day moving average of $188.20 and a 200-day moving average of $169.71. The company has a market cap of $38.77 billion, a price-to-earnings ratio of 24.90 and a beta of 0.07.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. Analysts predict that Constellation Brands will post $8.17 EPS for the current year.

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In other Constellation Brands news, VP Thomas Michael Kane sold 4,940 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total value of $954,803.20. Following the sale, the vice president now owns 8,914 shares in the company, valued at approximately $1,722,897.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher Stenzel sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total value of $983,750.00. Following the completion of the sale, the executive vice president now owns 39,721 shares in the company, valued at approximately $7,815,106.75. The disclosure for this sale can be found here. Insiders sold a total of 40,767 shares of company stock worth $7,921,773 in the last 90 days. Company insiders own 15.59% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock valued at $115,000 after buying an additional 24 shares during the last quarter. Tompkins Financial Corp boosted its stake in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock valued at $116,000 after buying an additional 175 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Constellation Brands during the first quarter valued at approximately $117,000. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Constellation Brands during the first quarter valued at approximately $130,000. Hedge funds and other institutional investors own 75.39% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. 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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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