Constellation Brands, Inc. (NYSE:STZ) Receives $288.70 Consensus Target Price from Analysts

Shares of Constellation Brands, Inc. (NYSE:STZ) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $286.15.

Several equities research analysts recently weighed in on STZ shares. BNP Paribas assumed coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Bank of America reissued a “neutral” rating and set a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. BMO Capital Markets decreased their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Barclays dropped their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, Truist Financial decreased their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, October 4th.

Constellation Brands Stock Down 2.0 %

Shares of Constellation Brands stock opened at $218.44 on Wednesday. Constellation Brands has a 1-year low of $217.52 and a 1-year high of $274.87. The company has a market capitalization of $39.66 billion, a P/E ratio of 70.69, a PEG ratio of 1.69 and a beta of 1.75. The business’s fifty day moving average price is $233.49 and its two-hundred day moving average price is $242.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 in the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Versant Capital Management Inc increased its stake in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Constellation Brands during the second quarter worth $36,000. Wellington Shields & Co. LLC raised its holdings in Constellation Brands by 50.0% during the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Eastern Bank acquired a new stake in shares of Constellation Brands in the third quarter worth about $39,000. Finally, Denver PWM LLC bought a new stake in shares of Constellation Brands during the 2nd quarter worth about $42,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.