Constellation Brands Inc (NYSE:STZ)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Sunday. They presently have a $226.00 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.37% from the company’s previous close.

Several other brokerages also recently commented on STZ. J P Morgan Chase & Co reissued an “overweight” rating and set a $237.00 price objective (up from $220.00) on shares of Constellation Brands in a research report on Friday, October 6th. Citigroup Inc. reissued a “neutral” rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. SunTrust Banks, Inc. reissued a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Morgan Stanley increased their price objective on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus increased their price objective on shares of Constellation Brands from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $216.00.

Constellation Brands (NYSE STZ) opened at $220.76 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69. The stock has a market cap of $42,773.38, a PE ratio of 26.50, a P/E/G ratio of 1.41 and a beta of 0.10. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $221.50.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. Constellation Brands’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.77 EPS. analysts anticipate that Constellation Brands will post 8.43 earnings per share for the current year.

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In related news, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William F. Hackett sold 12,517 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The disclosure for this sale can be found here. In the last three months, insiders sold 86,179 shares of company stock worth $18,030,434. 15.59% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after buying an additional 193 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after buying an additional 78 shares during the last quarter. Hanson McClain Inc. boosted its holdings in shares of Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after buying an additional 3 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after buying an additional 670 shares during the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Constellation Brands in the second quarter worth approximately $157,000. 74.38% of the stock is currently 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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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