Constellation Brands (NYSE:STZ) Price Target Cut to $180.00 by Analysts at Sanford C. Bernstein

Constellation Brands (NYSE:STZ) had its target price decreased by Sanford C. Bernstein from $197.00 to $180.00 in a report published on Monday morning, MarketBeat reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research report on Friday, July 31st. UBS Group lowered their price target on Constellation Brands from $168.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Constellation Brands in a report on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus price target of $159.33.

Constellation Brands Stock Down 0.7%

STZ opened at $112.87 on Monday. The company has a fifty day moving average price of $128.36 and a 200-day moving average price of $140.21. The firm has a market capitalization of $19.28 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.25 and a beta of 0.41. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands has a one year low of $111.92 and a one year high of $168.60.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.22 EPS. Equities research analysts expect that Constellation Brands will post 11.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellation Brands

Several institutional investors and hedge funds have recently made changes to their positions in STZ. HB Wealth Management LLC increased its position in shares of Constellation Brands by 0.7% during the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after purchasing an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Constellation Brands by 4.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock valued at $296,000 after purchasing an additional 77 shares during the period. Rexford Capital Inc. grew its stake in Constellation Brands by 4.0% during the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company’s stock worth $311,000 after buying an additional 79 shares during the last quarter. Keybank National Association OH increased its position in Constellation Brands by 4.0% during the first quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock worth $351,000 after buying an additional 90 shares during the period. Finally, Banque Cantonale Vaudoise lifted its stake in Constellation Brands by 3.6% in the first quarter. Banque Cantonale Vaudoise now owns 2,643 shares of the company’s stock valued at $397,000 after buying an additional 93 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.