Constellation Brands (NYSE:STZ) PT Raised to $308.00

Constellation Brands (NYSE:STZGet Free Report) had its target price upped by research analysts at Royal Bank of Canada from $295.00 to $308.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 17.45% from the stock’s current price.

A number of other research analysts also recently commented on STZ. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday. Piper Sandler assumed coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price on the stock. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Barclays lowered their target price on Constellation Brands from $296.00 to $294.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $298.11.

Read Our Latest Stock Analysis on Constellation Brands

Constellation Brands Stock Down 2.3 %

NYSE:STZ opened at $262.24 on Friday. The firm has a market capitalization of $47.94 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.86 and a beta of 0.97. Constellation Brands has a 1-year low of $221.81 and a 1-year high of $274.87. The company has a current ratio of 1.19, a quick ratio of 0.46 and a debt-to-equity ratio of 1.06. The business’s fifty day moving average price is $256.84 and its 200 day moving average price is $246.99.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. On average, sell-side analysts forecast that Constellation Brands will post 13.16 earnings per share for the current fiscal year.

Institutional Trading of Constellation Brands

Hedge funds have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its holdings in Constellation Brands by 84,839.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after acquiring an additional 3,738,028 shares in the last quarter. Norges Bank acquired a new position in Constellation Brands in the 4th quarter valued at approximately $443,844,000. Barclays PLC raised its holdings in Constellation Brands by 102.0% in the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock valued at $723,027,000 after acquiring an additional 1,483,668 shares in the last quarter. Morgan Stanley raised its holdings in Constellation Brands by 31.3% in the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after acquiring an additional 908,486 shares in the last quarter. Finally, Darsana Capital Partners LP raised its holdings in Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after acquiring an additional 650,000 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

(Get Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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