Constellation Brands, Inc. Class A (NYSE:STZ) was downgraded by SunTrust Banks from a “buy” rating to a “hold” rating in a report issued on Monday, The Fly reports.

A number of other analysts have also recently issued reports on the company. Cann reduced their price objective on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Deutsche Bank reduced their price target on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Jefferies Financial Group initiated coverage on Constellation Brands, Inc. Class A in a research report on Friday. They issued a “buy” rating and a $283.00 price target for the company. Susquehanna Bancshares cut Constellation Brands, Inc. Class A from a “neutral” rating to a “negative” rating and reduced their price target for the stock from $199.00 to $169.00 in a research report on Monday, August 20th. Finally, Stifel Nicolaus boosted their price target on Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $247.19.

Shares of Constellation Brands, Inc. Class A stock opened at $211.72 on Monday. The firm has a market capitalization of $40.48 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.99 and a beta of 0.03. The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.89. Constellation Brands, Inc. Class A has a 12 month low of $197.32 and a 12 month high of $236.62.

Constellation Brands, Inc. Class A (NYSE:STZ) last issued its earnings results on Friday, June 29th. The company reported $2.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. Constellation Brands, Inc. Class A had a return on equity of 19.81% and a net margin of 31.51%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $2.34 EPS. analysts predict that Constellation Brands, Inc. Class A will post 9.4 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Lee Capital Management LP bought a new position in shares of Constellation Brands, Inc. Class A in the first quarter worth about $1,042,000. Hilton Capital Management LLC bought a new position in shares of Constellation Brands, Inc. Class A in the first quarter worth about $269,000. Toth Financial Advisory Corp increased its stake in shares of Constellation Brands, Inc. Class A by 1,469.8% in the second quarter. Toth Financial Advisory Corp now owns 675 shares of the company’s stock worth $148,000 after purchasing an additional 632 shares during the period. Arrow Financial Corp increased its stake in shares of Constellation Brands, Inc. Class A by 4.0% in the second quarter. Arrow Financial Corp now owns 8,946 shares of the company’s stock worth $1,958,000 after purchasing an additional 341 shares during the period. Finally, Fisher Asset Management LLC bought a new position in Constellation Brands, Inc. Class A during the second quarter valued at about $479,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

About Constellation Brands, Inc. Class A

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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

Read More: Investing in Growth Stocks

The Fly

Analyst Recommendations for Constellation Brands, Inc. Class A (NYSE:STZ)

Receive News & Ratings for Constellation Brands Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.