Constellation Brands (NYSE:STZ) had its target price upped by JPMorgan Chase & Co. from $200.00 to $227.00 in a report issued on Thursday morning, The Fly reports. They currently have an overweight rating on the stock.
STZ has been the topic of several other research reports. Royal Bank of Canada restated a buy rating and issued a $216.00 target price on shares of Constellation Brands in a research note on Thursday, June 4th. UBS Group boosted their target price on shares of Constellation Brands from $192.00 to $208.00 and gave the company a buy rating in a research note on Thursday. Deutsche Bank lifted their price target on Constellation Brands from $176.00 to $185.00 and gave the company a hold rating in a report on Thursday. SunTrust Banks reaffirmed a buy rating and issued a $200.00 price target on shares of Constellation Brands in a report on Monday, April 6th. Finally, Cowen lifted their price target on Constellation Brands from $160.00 to $205.00 and gave the company an outperform rating in a report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $197.11.
Shares of NYSE:STZ traded down $0.07 on Thursday, hitting $185.81. The stock had a trading volume of 1,774,141 shares, compared to its average volume of 1,427,307. Constellation Brands has a twelve month low of $104.28 and a twelve month high of $212.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.94. The firm’s 50 day moving average price is $173.94 and its 200-day moving average price is $173.57. The company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 1,032.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92.
Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, July 1st. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.29. Constellation Brands had a net margin of 0.62% and a return on equity of 15.10%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company earned $2.21 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Constellation Brands will post 8.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be given a $0.75 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.00 annualized dividend and a dividend yield of 1.61%. Constellation Brands’s dividend payout ratio is presently 32.89%.
Several institutional investors and hedge funds have recently modified their holdings of STZ. Citizens Financial Group Inc RI boosted its position in Constellation Brands by 121.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. RMR Wealth Builders acquired a new position in Constellation Brands during the 4th quarter worth approximately $36,000. Verus Capital Partners LLC acquired a new position in Constellation Brands during the 4th quarter worth approximately $43,000. EPG Wealth Management LLC boosted its position in Constellation Brands by 243.3% during the 1st quarter. EPG Wealth Management LLC now owns 357 shares of the company’s stock worth $51,000 after acquiring an additional 253 shares during the last quarter. Finally, WASHINGTON TRUST Co acquired a new position in Constellation Brands during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 71.84% of the company’s stock.
About Constellation Brands
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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