Brokerages Set Constellation Brands Inc (NYSE:STZ) Price Target at $186.44

Constellation Brands Inc (NYSE:STZ) has been given a consensus recommendation of “Hold” by the twenty-eight analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $186.44.

Several equities analysts have recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating and set a $209.00 price target (down from $239.00) on shares of Constellation Brands in a research note on Wednesday, September 3rd. Jefferies Financial Group decreased their price target on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. The Goldman Sachs Group decreased their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 2nd. BNP Paribas cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. Finally, Citigroup decreased their price target on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd.

Hedge Funds Weigh In On Constellation Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gibbs Wealth Management bought a new stake in Constellation Brands during the third quarter worth $814,000. Westfuller Advisors LLC bought a new stake in Constellation Brands during the third quarter worth $259,000. Vanguard Capital Wealth Advisors bought a new stake in Constellation Brands during the third quarter worth $419,000. Strs Ohio raised its position in Constellation Brands by 10.6% during the third quarter. Strs Ohio now owns 3,455 shares of the company’s stock worth $465,000 after acquiring an additional 332 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. raised its position in Constellation Brands by 22.7% during the third quarter. Hudson Edge Investment Partners Inc. now owns 35,316 shares of the company’s stock worth $4,756,000 after acquiring an additional 6,542 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

Shares of STZ opened at $128.89 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands has a twelve month low of $128.80 and a twelve month high of $245.31. The firm’s 50 day moving average price is $142.21 and its two-hundred day moving average price is $163.98. The firm has a market cap of $22.56 billion, a P/E ratio of 18.82, a PEG ratio of 0.39 and a beta of 0.66.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The firm had revenue of $2.32 billion for the quarter. On average, analysts forecast that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

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.