Constellation Brands (NYSE:STZ) Stock Keeps Outperform Rating at Royal Bank Of Canada

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Friday, Marketbeat reports. They presently have a $185.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 63.60% from the company’s current price.

Other research analysts have also recently issued reports about the company. Roth Capital reissued a “buy” rating and set a $209.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. TD Cowen decreased their price target on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a report on Thursday, July 2nd. Wells Fargo & Company decreased their price target on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $158.90.

Constellation Brands Stock Up 0.1%

STZ traded up $0.09 on Friday, hitting $113.08. 739,833 shares of the company were exchanged, compared to its average volume of 2,214,310. Constellation Brands has a twelve month low of $111.54 and a twelve month high of $168.60. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $127.30 and a two-hundred day moving average price of $139.44.

Constellation Brands (NYSE:STZ) last released its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the firm earned $3.22 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands will post 11.81 earnings per share for the current year.

Hedge Funds Weigh In On Constellation Brands

Institutional investors have recently added to or reduced their stakes in the stock. Junto Capital Management LP acquired a new position in Constellation Brands during the 2nd quarter worth approximately $21,683,000. Engineers Gate Manager LP acquired a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $1,645,000. Cidel Asset Management Inc. grew its holdings in shares of Constellation Brands by 12.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,921 shares of the company’s stock worth $267,000 after acquiring an additional 209 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Constellation Brands by 11.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,631 shares of the company’s stock worth $1,479,000 after acquiring an additional 1,090 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Constellation Brands by 8.4% in the 2nd quarter. NewEdge Advisors LLC now owns 33,106 shares of the company’s stock worth $4,605,000 after acquiring an additional 2,552 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.