Constellation Brands (NYSE: STZ) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Constellation Brands had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $230.00 price target on the stock.
  • 8/2/2017 – Constellation Brands had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $220.00 price target on the stock.
  • 7/28/2017 – Constellation Brands was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/24/2017 – Constellation Brands was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $210.00 price target on the stock, down previously from $212.00.
  • 7/22/2017 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $216.00 price target on the stock, up previously from $215.00.
  • 7/12/2017 – Constellation Brands was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/10/2017 – Constellation Brands had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $218.00 price target on the stock.
  • 7/5/2017 – Constellation Brands had its price target raised by analysts at Argus from $194.00 to $220.00. They now have a “buy” rating on the stock.
  • 7/3/2017 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $215.00 price target on the stock, up previously from $205.00.
  • 7/3/2017 – Constellation Brands had its price target raised by analysts at Morgan Stanley from $204.00 to $218.00. They now have an “overweight” rating on the stock.
  • 6/30/2017 – Constellation Brands had its price target raised by analysts at Stifel Nicolaus from $201.00 to $216.00. They now have a “buy” rating on the stock.
  • 6/30/2017 – Constellation Brands had its “conviction-buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $212.00 price target on the stock, up previously from $198.00.
  • 6/30/2017 – Constellation Brands had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $220.00 price target on the stock, up previously from $188.00.
  • 6/30/2017 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $220.00 price target on the stock, up previously from $205.00.
  • 6/30/2017 – Constellation Brands had its price target raised by analysts at UBS Group AG from $162.00 to $176.00. They now have a “neutral” rating on the stock.
  • 6/30/2017 – Constellation Brands was given a new $203.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 6/26/2017 – Constellation Brands had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $204.00 price target on the stock.
  • 6/23/2017 – Constellation Brands had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $198.00 price target on the stock, down previously from $200.00.
  • 6/22/2017 – Constellation Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $207.00 price target on the stock. According to Zacks, “Constellation Brands has outperformed the broader industry in the last three months. The company boasts a portfolio of popular brands and is the largest wine company worldwide, which bolsters its market position. The company’s focus on brand building and efforts to include new products in its wine and spirits portfolio remain key growth drivers. Also, it remains committed to expanding operations to stimulate business growth, as evident from its various buyouts. These factors, coupled with strong beer business helped the company to post its tenth and eighth straight earnings and sales beat, respectively in the last reported quarter. Also, management issued an impressive fiscal 2018 view, alongside announcing a dividend hike thereafter. However, the recent sale of the Canadian wine business is likely to hurt results to an extent. Also, stiff competition, currency fluctuations and the risk of increasing taxes remain concerns.”
  • 6/21/2017 – Constellation Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Constellation Brands has outperformed the broader industry in the last three months. The company boasts a portfolio of popular brands and is the largest wine company worldwide, which bolsters its market position. The company’s focus on brand building and efforts to include new products in its wine and spirits portfolio remain key growth drivers. Also, it remains committed to expanding operations to stimulate business growth, as evident from its various buyouts. These factors, coupled with strong beer business helped the company to post its tenth and eighth straight earnings and sales beat, respectively in the last reported quarter. Also, management issued an impressive fiscal 2018 view, alongside announcing a dividend hike thereafter. However, the recent sale of the Canadian wine business is likely to hurt results to an extent. Also, stiff competition, currency fluctuations and the risk of increasing taxes remain concerns.”
  • 6/16/2017 – Constellation Brands had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 6/12/2017 – Constellation Brands had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $204.00 price target on the stock.

Constellation Brands Inc (NYSE:STZ) opened at 194.69 on Friday. The company has a 50 day moving average price of $193.29 and a 200-day moving average price of $174.15. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 24.42 and a beta of 0.06. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $199.89.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $1.54 EPS. Constellation Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that Constellation Brands Inc will post $8.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, August 7th. This represents a $2.08 annualized dividend and a yield of 1.07%. Constellation Brands’s payout ratio is 26.03%.

In other news, Director Barry A. Fromberg sold 2,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the sale, the director now directly owns 22,820 shares in the company, valued at approximately $4,471,122.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas J. Mullin sold 54,834 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the sale, the vice president now owns 86,005 shares in the company, valued at $16,727,972.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,601 shares of company stock worth $18,586,986. Corporate insiders own 15.59% of the company’s stock.

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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