Constellation Brands, Inc. (STZ) Given Consensus Recommendation of “Buy” by Brokerages

Constellation Brands, Inc. (NYSE:STZ) has been assigned a consensus recommendation of “Buy” from the twenty-seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $246.72.

Several analysts have weighed in on the stock. ValuEngine raised shares of Constellation Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. SunTrust Banks downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their price target for the stock from $260.00 to $220.00 in a research note on Monday, September 10th. Morgan Stanley set a $255.00 price target on shares of Constellation Brands and gave the stock a “buy” rating in a research note on Friday, October 5th. JPMorgan Chase & Co. lowered their price target on shares of Constellation Brands from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, September 27th. Finally, Deutsche Bank boosted their price target on shares of Constellation Brands from $233.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, October 5th.

In other Constellation Brands news, VP Thomas Michael Kane sold 4,419 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $223.83, for a total value of $989,104.77. Following the transaction, the vice president now owns 8,499 shares in the company, valued at $1,902,331.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Sands sold 151,060 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $223.67, for a total transaction of $33,787,590.20. Following the completion of the transaction, the chief executive officer now owns 737,607 shares in the company, valued at approximately $164,980,557.69. The disclosure for this sale can be found here. Insiders sold 578,723 shares of company stock worth $129,438,449 in the last 90 days. Corporate insiders own 15.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its position in shares of Constellation Brands by 155.3% during the second quarter. Sun Life Financial INC now owns 457 shares of the company’s stock valued at $100,000 after buying an additional 278 shares during the period. Atlantic Trust LLC purchased a new position in shares of Constellation Brands during the second quarter valued at about $114,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Constellation Brands by 227.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock valued at $115,000 after buying an additional 366 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Constellation Brands during the second quarter valued at about $125,000. Finally, Truvestments Capital LLC purchased a new position in shares of Constellation Brands during the third quarter valued at about $137,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Constellation Brands stock traded up $0.44 during mid-day trading on Friday, hitting $201.32. The company’s stock had a trading volume of 1,877,089 shares, compared to its average volume of 2,412,634. The company has a quick ratio of 0.76, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $38.14 billion, a PE ratio of 23.09, a P/E/G ratio of 1.95 and a beta of 0.08. Constellation Brands has a 12 month low of $196.26 and a 12 month high of $236.62.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 4th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.27. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Constellation Brands had a net margin of 38.18% and a return on equity of 18.63%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 earnings per share. As a group, equities analysts expect that Constellation Brands will post 9.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, November 5th. Constellation Brands’s payout ratio is 33.94%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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