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

by · The Markets Daily

Constellation Brands (NYSE:STZ – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $185.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 64.68% from the stock’s previous close.

A number of other analysts have also recently weighed in on STZ. Jefferies Financial Group lowered their price objective on Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a research report on Monday, September 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. Bank of America dropped their price target on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Citigroup cut their price objective on shares of Constellation Brands from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $209.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Constellation Brands has an average rating of “Hold” and an average price target of $158.90.

Get Our Latest Stock Report on STZ

Constellation Brands Stock Down 0.6%

Shares of NYSE:STZ traded down $0.65 during trading on Friday, reaching $112.34. The stock had a trading volume of 222,191 shares, compared to its average volume of 2,211,603. The firm’s 50-day simple moving average is $127.30 and its 200 day simple moving average is $139.44. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. Constellation Brands has a one year low of $111.54 and a one year high of $168.60. The company has a market capitalization of $19.19 billion, a P/E ratio of 10.73, a PEG ratio of 2.24 and a beta of 0.44.

Constellation Brands (NYSE:STZ – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.22 EPS. As a group, research analysts expect that Constellation Brands will post 11.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Constellation Brands

Institutional investors have recently modified their holdings of the stock. Capital World Investors lifted its holdings in Constellation Brands by 8.3% in the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after acquiring an additional 553,974 shares during the period. Capital International Investors grew its position in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock valued at $888,930,000 after acquiring an additional 2,105,546 shares during the period. Van ECK Associates Corp increased its stake in shares of Constellation Brands by 11.0% in the 4th quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company’s stock valued at $330,728,000 after purchasing an additional 237,073 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Constellation Brands by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after purchasing an additional 88,538 shares during the period. Finally, Bank of America Corp DE boosted its position in Constellation Brands by 9.5% during the first quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

(Get Free Report)

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.

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