Constellation Brands (NYSE:STZ) Price Target Raised to $295.00

Constellation Brands (NYSE:STZGet Rating) had its target price raised by Credit Suisse Group from $278.00 to $295.00 in a research report released on Friday morning, The Fly reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group increased their price objective on shares of Constellation Brands from $305.00 to $316.00 in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellation Brands from $238.00 to $240.00 and gave the company a hold rating in a research report on Monday, January 3rd. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $300.00 to $275.00 and set an overweight rating for the company in a research report on Wednesday, February 16th. Morgan Stanley reduced their target price on shares of Constellation Brands from $299.00 to $294.00 and set an overweight rating for the company in a research report on Monday, April 4th. Finally, Barclays increased their target price on shares of Constellation Brands from $271.00 to $277.00 and gave the company an overweight rating in a research report on Monday, January 10th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $271.42.

Shares of NYSE STZ opened at $244.46 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.79. Constellation Brands has a 1-year low of $207.35 and a 1-year high of $258.00. The firm has a market capitalization of $46.39 billion, a P/E ratio of -1,358.11, a P/E/G ratio of 2.42 and a beta of 1.20. The firm’s 50-day moving average price is $225.73 and its 200-day moving average price is $229.14.

Constellation Brands (NYSE:STZGet Rating) last posted its earnings results on Thursday, April 7th. The company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.27. Constellation Brands had a negative net margin of 0.42% and a positive return on equity of 16.43%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands will post 11.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, May 4th. This represents a $3.20 annualized dividend and a yield of 1.31%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.14. Constellation Brands’s payout ratio is presently -1,688.89%.

A number of large investors have recently bought and sold shares of STZ. First Trust Advisors LP raised its holdings in Constellation Brands by 4.6% in the first quarter. First Trust Advisors LP now owns 18,870 shares of the company’s stock worth $3,308,000 after buying an additional 833 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Constellation Brands by 14.0% in the third quarter. Park Avenue Securities LLC now owns 2,511 shares of the company’s stock worth $529,000 after buying an additional 309 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Constellation Brands by 5.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 26,496 shares of the company’s stock worth $5,628,000 after buying an additional 1,252 shares during the last quarter. Tompkins Financial Corp purchased a new position in Constellation Brands in the third quarter worth about $59,000. Finally, GSB Wealth Management LLC purchased a new position in Constellation Brands in the third quarter worth about $316,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Company Profile (Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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