Constellation Brands (NYSE:STZ) had its target price lifted by equities research analysts at BMO Capital Markets from $225.00 to $230.00 in a report released on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 10.93% from the stock’s current price.
STZ has been the topic of a number of other research reports. Barclays restated a “buy” rating and set a $238.00 price target on shares of Constellation Brands in a report on Tuesday, July 2nd. SunTrust Banks boosted their price target on Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a report on Monday, July 1st. Macquarie set a $220.00 price target on Constellation Brands and gave the company a “hold” rating in a report on Wednesday, June 5th. Jefferies Financial Group boosted their price target on Constellation Brands from $264.00 to $274.00 and gave the company a “buy” rating in a report on Monday, July 1st. Finally, Citigroup set a $210.00 price target on Constellation Brands and gave the company a “hold” rating in a report on Monday, July 1st. Ten investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $222.50.
STZ opened at $207.33 on Tuesday. The company has a market cap of $39.09 billion, a P/E ratio of 22.34, a P/E/G ratio of 3.06 and a beta of 0.69. The business’s 50-day moving average price is $199.90 and its 200-day moving average price is $193.19. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. Constellation Brands has a 12 month low of $150.37 and a 12 month high of $228.91.
In other Constellation Brands news, major shareholder Richard Sands sold 95,521 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $204.57, for a total transaction of $19,540,730.97. Following the transaction, the insider now owns 173,379 shares in the company, valued at approximately $35,468,142.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the transaction, the director now owns 27,630 shares in the company, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of STZ. Geode Capital Management LLC grew its holdings in shares of Constellation Brands by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,937,070 shares of the company’s stock worth $310,909,000 after acquiring an additional 120,139 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Constellation Brands by 30.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,473 shares of the company’s stock worth $784,000 after acquiring an additional 1,032 shares during the period. Global Retirement Partners LLC boosted its position in shares of Constellation Brands by 74.4% in the 1st quarter. Global Retirement Partners LLC now owns 211 shares of the company’s stock worth $37,000 after purchasing an additional 90 shares in the last quarter. Fiduciary Trust Co. boosted its position in shares of Constellation Brands by 40.5% in the 1st quarter. Fiduciary Trust Co. now owns 3,492 shares of the company’s stock worth $613,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth approximately $1,739,000. Hedge funds and other institutional investors own 72.10% of the company’s stock.
Constellation Brands Company Profile
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.
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