Constellation Brands (NYSE:STZ) Price Target Raised to $207.00 at Barclays

Constellation Brands (NYSE:STZ) had its target price raised by equities researchers at Barclays from $203.00 to $207.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 10.41% from the stock’s current price.

A number of other research analysts have also recently issued reports on STZ. Roth Capital reduced their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Truist Financial decreased their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group cut their price objective on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada lowered their target price on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $231.30.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $1.85 during midday trading on Monday, hitting $187.48. 318,720 shares of the company were exchanged, compared to its average volume of 2,873,247. The firm has a 50 day simple moving average of $176.86 and a 200-day simple moving average of $208.70. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $265.70. The firm has a market cap of $33.88 billion, a P/E ratio of 50.40, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling at Constellation Brands

In other 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 price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Institutional investors have recently made changes to their positions in the stock. World Investment Advisors LLC lifted its stake in Constellation Brands by 36.6% in the third quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock valued at $657,000 after buying an additional 683 shares during the period. Arvest Bank Trust Division bought a new stake in shares of Constellation Brands in the 3rd quarter valued at $243,000. Wilmington Savings Fund Society FSB lifted its position in shares of Constellation Brands by 260.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock valued at $5,281,000 after acquiring an additional 14,813 shares during the period. Oddo BHF Asset Management Sas bought a new position in Constellation Brands during the third quarter worth $223,000. Finally, Copley Financial Group Inc. acquired a new stake in Constellation Brands in the third quarter worth $455,000. Institutional investors 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.