Constellation Brands Inc (NYSE:STZ) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $202.00.

Several research analysts have weighed in on STZ shares. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a research report on Thursday, June 22nd. Argus increased their price objective on Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 5th. Wells Fargo & Company reiterated an “outperform” rating and set a $215.00 price objective (up previously from $205.00) on shares of Constellation Brands in a research report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $212.00 price objective (up previously from $198.00) on shares of Constellation Brands in a research report on Friday, June 30th. Finally, Morgan Stanley increased their price objective on Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd.

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In related news, Director Barry A. Fromberg sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the sale, the director now directly owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas J. Mullin sold 54,834 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the sale, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The disclosure for this sale can be found here. Insiders sold 108,118 shares of company stock worth $21,052,835 over the last ninety days. 15.59% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock valued at $212,000 after buying an additional 10 shares in the last quarter. Financial Architects Inc boosted its stake in Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock valued at $344,000 after buying an additional 25 shares in the last quarter. Welch Group LLC boosted its stake in Constellation Brands by 2.9% in the second quarter. Welch Group LLC now owns 885 shares of the company’s stock valued at $171,000 after buying an additional 25 shares in the last quarter. Finally, Ray Gerald L & Associates Ltd. boosted its stake in Constellation Brands by 0.7% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock valued at $897,000 after buying an additional 30 shares in the last quarter. 74.96% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands (NYSE STZ) traded up 0.08% during midday trading on Friday, reaching $199.45. 1,253,757 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $198.80 and a 200 day moving average price of $183.32. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $205.12. The company has a market cap of $38.95 billion, a P/E ratio of 25.02 and a beta of 0.03.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.54 EPS. On average, equities analysts anticipate that Constellation Brands will post $8.18 EPS for the current year.

Constellation Brands Company Profile

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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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