Barclays Issues Positive Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its price target increased by analysts at Barclays from $203.00 to $207.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 10.41% from the company’s current price.

Other equities analysts have also issued research reports about the stock. TD Cowen reduced their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Roth Capital decreased their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, BMO Capital Markets lowered their target price on Constellation Brands from $260.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $231.30.

Constellation Brands Stock Up 1.0 %

NYSE:STZ traded up $1.85 on Monday, hitting $187.48. The stock had a trading volume of 318,720 shares, compared to its average volume of 2,873,247. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $265.70. The firm’s fifty day simple moving average is $176.86 and its two-hundred day simple moving average is $208.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market cap of $33.88 billion, a P/E ratio of 50.40, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $2.26 earnings per share. Constellation Brands’s revenue was up 1.2% on a year-over-year basis. Analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in shares of Constellation Brands during the 4th quarter valued at about $1,242,976,000. Norges Bank purchased a new position in shares of Constellation Brands during the fourth quarter worth approximately $445,883,000. Vanguard Group Inc. raised its stake in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in shares of Constellation Brands by 186.6% in the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company’s stock worth $337,619,000 after acquiring an additional 994,639 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Hedge funds and other institutional investors 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 Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.