Constellation Brands (NYSE:STZ) PT Raised to $315.00 at BMO Capital Markets

Constellation Brands (NYSE:STZ) had its price objective lifted by BMO Capital Markets from $290.00 to $315.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 20.12% from the company’s current price.

Other research analysts have also issued reports about the company. Bank of America increased their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $298.11.

Constellation Brands Stock Down 2.3 %

Shares of STZ stock opened at $262.24 on Friday. The stock’s 50-day simple moving average is $256.84 and its 200-day simple moving average is $246.99. 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 firm has a market capitalization of $47.94 billion, a PE ratio of 27.96, a P/E/G ratio of 1.86 and a beta of 0.97. Constellation Brands has a fifty-two week low of $221.81 and a fifty-two week high of $274.87.

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, beating analysts’ consensus estimates of $2.10 by $0.16. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 earnings per share. Equities analysts expect that Constellation Brands will post 13.16 earnings per share for the current year.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds have recently made changes to their positions in STZ. Indiana Trust & Investment Management CO acquired a new position in shares of Constellation Brands during the third quarter valued at approximately $25,000. Impact Partnership Wealth LLC raised its holdings in shares of Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Asset Dedication LLC raised its holdings in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.