Constellation Brands (NYSE:STZ) Price Target Cut to $203.00 by Analysts at Barclays

Constellation Brands (NYSE:STZ) had its target price lowered by equities researchers at Barclays from $205.00 to $203.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 10.69% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Citigroup cut Constellation Brands from a “buy” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $200.00 in a report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Evercore ISI lowered their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Roth Capital reduced their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC dropped their price target on shares of Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $249.18.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $183.40 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm’s 50 day simple moving average is $177.20 and its 200-day simple moving average is $215.67. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87. The stock has a market capitalization of $33.15 billion, a price-to-earnings ratio of 49.33, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $3.19 earnings per share. Analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares during the last quarter. Copperleaf Capital LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $343,000. Grimes & Company Inc. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $6,099,000. Empowered Funds LLC grew its holdings in Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after buying an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. purchased a new position in Constellation Brands during the fourth quarter worth $3,074,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.