Constellation Brands (NYSE:STZ) had its target price hoisted by stock analysts at Wells Fargo & Co from $235.00 to $260.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Wells Fargo & Co’s price target suggests a potential upside of 18.25% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. Macquarie lifted their price target on shares of Constellation Brands from $246.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday. Susquehanna Bancshares set a $207.00 price target on shares of Constellation Brands and gave the company a “hold” rating in a report on Monday, January 1st. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a report on Monday, December 18th. Deutsche Bank assumed coverage on shares of Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $226.00 price target on shares of Constellation Brands in a report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $225.55.
Shares of Constellation Brands (NYSE STZ) opened at $219.88 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. The stock has a market cap of $43,000.00, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.08. Constellation Brands has a fifty-two week low of $146.40 and a fifty-two week high of $229.50.
In related news, VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,662 shares of company stock worth $15,564,585. Insiders own 15.59% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in STZ. Oppenheimer Asset Management Inc. boosted its stake in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after purchasing an additional 193 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth about $153,000. Acrospire Investment Management LLC boosted its stake in shares of Constellation Brands by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $155,000 after purchasing an additional 400 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Constellation Brands during the 2nd quarter worth about $157,000. Finally, BB&T Investment Services Inc. purchased a new position in shares of Constellation Brands during the 2nd quarter worth about $179,000. 74.86% of the stock is owned by hedge funds and other institutional investors.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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