Constellation Brands (NYSE:STZ) PT Raised to $310.00

Constellation Brands (NYSE:STZ) had its price objective lifted by analysts at Evercore ISI from $300.00 to $310.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective points to a potential upside of 18.21% from the company’s current price.

Several other research firms also recently commented on STZ. UBS Group upped their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday. Barclays decreased their price target on shares of Constellation Brands from $296.00 to $294.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Bank of America upped their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Piper Sandler started coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.11.

Constellation Brands Trading Down 2.3 %

STZ stock opened at $262.24 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 1.19. The company’s 50-day simple moving average is $256.84 and its 200 day simple moving average is $246.99. Constellation Brands has a 52 week low of $221.81 and a 52 week high of $274.87. The company has a market capitalization of $47.94 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $1.98 earnings per share. Constellation Brands’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands will post 13.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Burns Matteson Capital Management LLC lifted its holdings in shares of Constellation Brands by 1.7% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after acquiring an additional 42 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Constellation Brands by 1.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock valued at $569,000 after buying an additional 42 shares during the period. FAS Wealth Partners Inc. increased its stake in shares of Constellation Brands by 3.5% in the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after buying an additional 43 shares during the period. Smithfield Trust Co increased its stake in shares of Constellation Brands by 5.3% in the fourth quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after buying an additional 43 shares during the period. Finally, Copperwynd Financial LLC increased its stake in shares of Constellation Brands by 1.6% in the fourth quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after buying an additional 43 shares during the period. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

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