Constellation Brands Inc (NYSE:STZ) had its price objective lifted by Royal Bank Of Canada from $222.00 to $226.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.56% from the company’s previous close.

A number of other research firms also recently commented on STZ. Susquehanna Bancshares Inc set a $200.00 target price on Constellation Brands and gave the company a “hold” rating in a report on Thursday. Stifel Nicolaus raised their target price on Constellation Brands from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $230.00 target price on shares of Constellation Brands in a report on Friday. Macquarie began coverage on Constellation Brands in a report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 target price for the company. Finally, Pivotal Research raised their target price on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $213.84.

Shares of Constellation Brands (STZ) opened at 210.11 on Friday. The company has a 50-day moving average of $201.11 and a 200 day moving average of $186.94. The stock has a market cap of $41.06 billion, a price-to-earnings ratio of 24.14 and a beta of 0.04. Constellation Brands has a one year low of $144.00 and a one year high of $213.40.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a return on equity of 22.88% and a net margin of 22.04%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.77 earnings per share. Constellation Brands’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Constellation Brands will post $8.18 earnings per share for the current fiscal year.

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In related news, VP Thomas J. Mullin sold 54,834 shares of Constellation Brands 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 owns 86,005 shares in the company, valued at approximately $16,727,972.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William F. Hackett sold 12,517 shares of Constellation Brands stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total value of $2,465,849.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,351 shares of company stock valued at $15,484,172. 15.59% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after purchasing an additional 193 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Constellation Brands during the 1st quarter worth about $117,000. North Star Investment Management Corp. grew its holdings in Constellation Brands by 11.6% in the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the period. Hanson McClain Inc. grew its holdings in Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Constellation Brands by 609.1% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 74.96% 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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