Constellation Brands (NYSE:STZ) Given New $203.00 Price Target at Barclays

Constellation Brands (NYSE:STZ) had its price objective reduced by analysts at Barclays from $205.00 to $203.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 10.51% from the stock’s current price.

Several other analysts also recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Needham & Company LLC reduced their target price on shares of Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Finally, UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given 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 $249.18.

Constellation Brands Price Performance

NYSE:STZ opened at $183.69 on Thursday. The firm’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $214.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $33.20 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Equities analysts expect 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 acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 12.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STZ. Fairtree Asset Management Pty Ltd acquired a new position in Constellation Brands in the fourth quarter valued at $459,000. DSG Capital Advisors LLC bought a new position in shares of Constellation Brands in the 4th quarter worth about $328,000. California State Teachers Retirement System raised its position in shares of Constellation Brands by 2.6% in the 4th quarter. California State Teachers Retirement System now owns 300,853 shares of the company’s stock worth $66,489,000 after acquiring an additional 7,737 shares in the last quarter. 111 Capital acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $896,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Constellation Brands by 25.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 278,489 shares of the company’s stock worth $61,546,000 after purchasing an additional 55,980 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

About Constellation Brands

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.