Constellation Brands (NYSE:STZ) had its price target lowered by equities research analysts at Citigroup to $168.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s target price would suggest a potential upside of 5.52% from the company’s current price.

Several other equities analysts have also weighed in on the company. Goldman Sachs Group upgraded Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 target price on the stock in a report on Thursday. ValuEngine lowered Constellation Brands from a “hold” rating to a “sell” rating in a report on Thursday. Guggenheim upgraded Constellation Brands from a “sell” rating to a “neutral” rating in a report on Wednesday. Pivotal Research restated a “buy” rating and set a $265.00 target price (down from $300.00) on shares of Constellation Brands in a report on Wednesday. Finally, Susquehanna Bancshares upgraded Constellation Brands from a “negative” rating to a “neutral” rating and set a $174.00 target price on the stock in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Constellation Brands has an average rating of “Buy” and an average price target of $228.09.

NYSE STZ opened at $159.21 on Thursday. Constellation Brands has a fifty-two week low of $150.37 and a fifty-two week high of $236.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.76 and a current ratio of 1.66. The stock has a market cap of $28.60 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.57 and a beta of 0.38.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.33. Constellation Brands had a return on equity of 18.27% and a net margin of 35.27%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company earned $2.00 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Constellation Brands will post 9.25 earnings per share for the current fiscal year.

In related news, CEO Robert Sands sold 136,547 shares of the business’s stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $223.62, for a total transaction of $30,534,640.14. Following the transaction, the chief executive officer now directly owns 737,607 shares in the company, valued at $164,943,677.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Michael Kane sold 4,419 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $223.83, for a total value of $989,104.77. Following the transaction, the vice president now owns 8,499 shares in the company, valued at $1,902,331.17. The disclosure for this sale can be found here. Insiders sold 578,723 shares of company stock worth $129,438,449 over the last quarter. 15.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. increased its stake in Constellation Brands by 132.0% during the fourth quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock valued at $48,000 after acquiring an additional 161 shares during the period. Atlantic Trust LLC bought a new position in Constellation Brands during the second quarter valued at about $114,000. TLP Group LLC bought a new position in Constellation Brands during the third quarter valued at about $136,000. Truvestments Capital LLC bought a new position in Constellation Brands during the third quarter valued at about $137,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Constellation Brands by 49.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 787 shares of the company’s stock valued at $170,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 72.56% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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