Constellation Brands (NYSE:STZ) Given “Buy” Rating at Needham & Company LLC

Constellation Brands (NYSE:STZ)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $280.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 23.01% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on STZ. UBS Group cut their price objective on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. BNP Paribas assumed coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target for the company. TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. Evercore ISI lowered their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, BMO Capital Markets reduced their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $288.70.

Constellation Brands Trading Up 0.3 %

Shares of STZ stock opened at $227.63 on Friday. The business has a 50-day moving average price of $237.87 and a two-hundred day moving average price of $245.37. Constellation Brands has a 12-month low of $224.76 and a 12-month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a market cap of $41.33 billion, a P/E ratio of 73.67, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 EPS. Equities analysts anticipate that Constellation Brands will post 13.57 EPS for the current fiscal year.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the sale, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock worth $46,058,091 over the last 90 days. 12.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of STZ. &PARTNERS bought a new position in shares of Constellation Brands during the second quarter valued at approximately $351,000. LRI Investments LLC raised its stake in Constellation Brands by 449.6% during the second quarter. LRI Investments LLC now owns 753 shares of the company’s stock valued at $194,000 after buying an additional 616 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Constellation Brands by 26.1% in the second quarter. Independence Bank of Kentucky now owns 2,439 shares of the company’s stock worth $628,000 after acquiring an additional 505 shares in the last quarter. Calamos Wealth Management LLC boosted its holdings in Constellation Brands by 2.2% in the second quarter. Calamos Wealth Management LLC now owns 48,000 shares of the company’s stock worth $12,349,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its stake in shares of Constellation Brands by 3.6% in the second quarter. Tempus Wealth Planning LLC now owns 1,726 shares of the company’s stock worth $444,000 after acquiring an additional 60 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.