Equities researchers at Macquarie dropped coverage on shares of Constellation Brands (NYSE:STZ) in a note issued to investors on Thursday. Macquarie’s price target points to a potential upside of 1.75% from the company’s previous close.

A number of other research firms have also recently issued reports on STZ. HSBC raised Constellation Brands from a “hold” rating to a “buy” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Susquehanna Bancshares raised Constellation Brands from a “negative” rating to a “neutral” rating and set a $174.00 price objective for the company in a report on Monday, January 7th. Jefferies Financial Group reissued a “buy” rating and set a $289.00 price objective on shares of Constellation Brands in a report on Wednesday, October 17th. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Finally, Morgan Stanley set a $259.00 price objective on Constellation Brands and gave the stock a “buy” rating in a report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $228.09.

Constellation Brands stock opened at $159.21 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.76. Constellation Brands has a 12-month low of $150.37 and a 12-month high of $236.62. The stock has a market capitalization of $28.60 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.57 and a beta of 0.38.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.33. Constellation Brands had a return on equity of 18.27% and a net margin of 35.27%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $2.00 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Constellation Brands will post 9.25 EPS for the current fiscal year.

In other news, VP Thomas Michael Kane sold 4,419 shares of the business’s stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $223.83, for a total transaction of $989,104.77. Following the completion of the transaction, the vice president now directly owns 8,499 shares in the company, valued at approximately $1,902,331.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard Sands sold 148,773 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $223.69, for a total value of $33,279,032.37. Following the completion of the transaction, the chairman now owns 346,525 shares of the company’s stock, valued at $77,514,177.25. The disclosure for this sale can be found here. Insiders have sold a total of 578,723 shares of company stock valued at $129,438,449 over the last 90 days. Corporate insiders own 15.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. grew its position in shares of Constellation Brands by 132.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock valued at $48,000 after purchasing an additional 161 shares during the period. Atlantic Trust LLC acquired a new position in shares of Constellation Brands in the 2nd quarter valued at approximately $114,000. TLP Group LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $136,000. Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $137,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Constellation Brands by 49.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 787 shares of the company’s stock valued at $170,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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