Constellation Brands Inc (STZ) PT Set at $200.00 by Susquehanna Bancshares Inc
Constellation Brands Inc (NYSE:STZ) has been given a $200.00 price target by investment analysts at Susquehanna Bancshares Inc in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s target price indicates a potential downside of 4.42% from the company’s previous close.
A number of other research firms have also commented on STZ. Macquarie assumed coverage on shares of Constellation Brands in a report on Thursday, September 14th. They set an “outperform” rating and a $227.00 price target for the company. Pivotal Research upped their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company reiterated an “outperform” rating and set a $216.00 price target (up from $215.00) on shares of Constellation Brands in a report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $212.00 to $210.00 in a report on Monday, July 24th. Finally, BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $206.82.
Constellation Brands (STZ) traded up 4.01% during trading on Thursday, hitting $209.25. 4,951,911 shares of the stock traded hands. The stock has a market cap of $40.87 billion, a PE ratio of 26.24 and a beta of 0.04. The company has a 50-day moving average price of $200.74 and a 200-day moving average price of $186.60. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $213.40. Constellation Brands also saw some unusual options trading activity on Wednesday. Traders bought 8,867 put options on the company. This represents an increase of 667% compared to the typical volume of 1,156 put options.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $1.77 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that Constellation Brands will post $8.18 EPS for the current year.
In other news, EVP William F. Hackett sold 12,517 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $197.00, for a total value of $2,465,849.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total transaction of $10,665,213.00. Following the completion of the sale, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The disclosure for this sale can be found here. Insiders sold a total of 84,291 shares of company stock worth $16,438,975 over the last ninety days. Insiders own 15.59% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Constellation Brands by 0.9% in the 2nd quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock worth $2,268,295,000 after buying an additional 103,312 shares during the period. Vanguard Group Inc. grew its position in Constellation Brands by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock valued at $2,184,613,000 after purchasing an additional 350,346 shares during the last quarter. State Street Corp grew its position in Constellation Brands by 0.5% during the 1st quarter. State Street Corp now owns 7,391,582 shares of the company’s stock valued at $1,197,945,000 after purchasing an additional 39,246 shares during the last quarter. Egerton Capital UK LLP grew its position in Constellation Brands by 9.3% during the 2nd quarter. Egerton Capital UK LLP now owns 2,717,567 shares of the company’s stock valued at $526,474,000 after purchasing an additional 231,984 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Constellation Brands by 87.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock valued at $325,751,000 after purchasing an additional 786,726 shares during the last quarter. 74.96% of the stock is currently owned by hedge funds and other institutional investors.
About Constellation Brands
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.
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