Analysts Set Constellation Brands Inc (NYSE:STZ) Price Target at $185.04

Constellation Brands Inc (NYSE:STZ) has received a consensus rating of “Hold” from the twenty-eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $181.8750.

A number of research analysts have weighed in on STZ shares. Roth Capital reissued a “buy” rating and issued a $209.00 target price (down previously from $239.00) on shares of Constellation Brands in a report on Wednesday, September 3rd. The Goldman Sachs Group lowered their price objective on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Wells Fargo & Company cut their target price on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Sanford C. Bernstein reduced their target price on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Constellation Brands in a research note on Friday, November 7th. They set a “neutral” rating and a $153.00 price target on the stock.

Institutional Trading of Constellation Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of STZ. Gilbert & Cook Inc. boosted its stake in shares of Constellation Brands by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after purchasing an additional 60 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Constellation Brands by 3.8% during the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after buying an additional 62 shares during the period. Oak Asset Management LLC boosted its position in Constellation Brands by 0.4% during the 2nd quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock valued at $2,974,000 after acquiring an additional 70 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Constellation Brands by 9.9% in the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock valued at $149,000 after purchasing an additional 73 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in Constellation Brands by 5.9% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 1,350 shares of the company’s stock worth $248,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 1.0%

Shares of STZ stock opened at $132.31 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands has a 12-month low of $126.45 and a 12-month high of $245.31. The stock has a market capitalization of $23.16 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.39 and a beta of 1.75. The firm’s 50 day moving average is $134.93 and its 200 day moving average is $156.88.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Constellation Brands Company Profile

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.