Piper Sandler Issues Positive Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its target price increased by Piper Sandler from $165.00 to $170.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 0.59% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Truist Financial upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Constellation Brands from $191.00 to $185.00 and set a “hold” rating for the company in a research report on Thursday. Citigroup cut their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Barclays upped their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. Finally, Roth Mkm reduced their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Constellation Brands Trading Down 0.5%

Constellation Brands stock traded down $0.91 during trading hours on Friday, reaching $171.02. 1,635,352 shares of the company’s stock traded hands, compared to its average volume of 1,792,048. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The firm’s 50 day moving average is $183.90 and its 200-day moving average is $193.05. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 EPS. On average, analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently added to or reduced their stakes in the business. Mainstream Capital Management LLC bought a new position in Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands in the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands during the 4th quarter worth approximately $29,000. 77.34% of the stock is owned by institutional investors.

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.