Constellation Brands Inc (STZ) PT Set at $200.00 by Susquehanna Bancshares Inc
Constellation Brands Inc (NYSE:STZ) has been given a $200.00 price target by analysts at Susquehanna Bancshares Inc in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price objective points to a potential downside of 4.81% from the company’s current price.
A number of other equities research analysts have also recently weighed in on STZ. BidaskClub cut Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $204.00 price objective on shares of Constellation Brands in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Constellation Brands in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $198.00 price objective (down from $200.00) on shares of Constellation Brands in a research note on Friday, June 23rd. Finally, Stifel Nicolaus lifted their price objective on Constellation Brands from $201.00 to $216.00 and gave the company a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $213.84.
Constellation Brands (NYSE STZ) opened at 210.11 on Thursday. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40. The company’s 50-day moving average price is $201.11 and its 200-day moving average price is $186.94. The stock has a market cap of $41.03 billion, a PE ratio of 26.35 and a beta of 0.04. Constellation Brands also saw unusually large options trading on Wednesday. Traders purchased 8,867 put options on the stock. This is an increase of approximately 667% compared to the average daily volume of 1,156 put options.
Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Constellation Brands will post $8.18 EPS for the current fiscal year.
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In other Constellation Brands news, Director Barry A. Fromberg sold 2,000 shares of Constellation Brands stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total transaction of $391,860.00. Following the completion of the sale, the director now directly owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William F. Hackett sold 12,517 shares of Constellation Brands stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total value of $2,465,849.00. The disclosure for this sale can be found here. Insiders have sold a total of 79,351 shares of company stock valued at $15,484,172 over the last ninety days. 15.59% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in STZ. UBS Asset Management Americas Inc. lifted its holdings in Constellation Brands by 8.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 467,139 shares of the company’s stock worth $75,709,000 after buying an additional 36,798 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Constellation Brands during the 1st quarter worth about $306,000. Blair William & Co. IL lifted its holdings in Constellation Brands by 36.4% during the 1st quarter. Blair William & Co. IL now owns 11,343 shares of the company’s stock worth $1,805,000 after buying an additional 3,024 shares during the last quarter. ProVise Management Group LLC lifted its holdings in Constellation Brands by 2.3% during the 1st quarter. ProVise Management Group LLC now owns 4,526 shares of the company’s stock worth $733,000 after buying an additional 100 shares during the last quarter. Finally, Concert Wealth Management Inc. lifted its holdings in Constellation Brands by 0.7% during the 1st quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares during the last quarter. 74.96% of the stock is owned by institutional investors.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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