Constellation Brands (NYSE:STZ) PT Raised to $314.00 at Jefferies Financial Group

Constellation Brands (NYSE:STZ) had its target price raised by stock analysts at Jefferies Financial Group from $292.00 to $314.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 19.74% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group upped their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets upped their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Roth Mkm restated a “buy” rating and set a $305.00 target price on shares of Constellation Brands in a research note on Friday. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.11.

Constellation Brands Trading Down 2.3 %

Shares of STZ opened at $262.24 on Friday. The firm has a market cap of $47.94 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.86 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 1.19. Constellation Brands has a fifty-two week low of $221.81 and a fifty-two week high of $274.87. The firm has a 50 day moving average price of $256.84 and a 200-day moving average price of $246.99.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $1.98 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands will post 13.16 earnings per share for the current year.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Prudential PLC purchased a new stake in Constellation Brands during the 1st quarter valued at approximately $705,000. Cetera Investment Advisers grew its holdings in Constellation Brands by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 17,026 shares of the company’s stock valued at $3,921,000 after buying an additional 163 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Constellation Brands by 17.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,149 shares of the company’s stock valued at $725,000 after buying an additional 471 shares in the last quarter. Vanguard Group Inc. grew its holdings in Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after buying an additional 313,344 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in Constellation Brands during the 1st quarter valued at approximately $257,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.