Constellation Brands (NYSE:STZ) had its price objective hoisted by stock analysts at HSBC from $147.00 to $170.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “hold” rating on the stock. HSBC’s target price suggests a potential downside of 8.50% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Guggenheim boosted their target price on Constellation Brands from $149.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their target price on Constellation Brands from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Cowen boosted their target price on Constellation Brands from $160.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Cfra reduced their target price on Constellation Brands from $200.00 to $140.00 and set a “hold” rating for the company in a report on Friday, April 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Constellation Brands presently has a consensus rating of “Hold” and an average target price of $197.11.

Shares of NYSE STZ opened at $185.80 on Thursday. The company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 1,032.28, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.94 and a quick ratio of 0.91. The business has a 50-day moving average of $174.54 and a two-hundred day moving average of $173.59. Constellation Brands has a 1 year low of $104.28 and a 1 year high of $212.00.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.29. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. Constellation Brands had a return on equity of 15.10% and a net margin of 0.62%. Constellation Brands’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 EPS. As a group, equities research analysts expect that Constellation Brands will post 8.4 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Constellation Brands by 1,563.2% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,580 shares of the company’s stock worth $275,000 after purchasing an additional 1,485 shares during the period. Modus Advisors LLC acquired a new position in Constellation Brands during the 2nd quarter worth approximately $103,000. Cox Capital Mgt LLC increased its position in Constellation Brands by 1.8% during the 2nd quarter. Cox Capital Mgt LLC now owns 8,483 shares of the company’s stock worth $1,484,000 after purchasing an additional 147 shares during the period. State Street Corp increased its position in Constellation Brands by 0.8% during the 1st quarter. State Street Corp now owns 7,560,037 shares of the company’s stock worth $1,083,807,000 after purchasing an additional 63,069 shares during the period. Finally, Telemus Capital LLC increased its position in Constellation Brands by 505.5% during the 1st quarter. Telemus Capital LLC now owns 18,517 shares of the company’s stock worth $3,198,000 after purchasing an additional 15,459 shares during the period. Institutional investors own 71.84% 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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

Read More: Blockchain

The Fly

Analyst Recommendations for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.