Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating reaffirmed by Wells Fargo & Co in a research note issued on Thursday, The Fly reports. They currently have a $235.00 price target on the stock, down from their previous price target of $260.00. Wells Fargo & Co‘s price target suggests a potential upside of 47.60% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Goldman Sachs Group upgraded shares of Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Thursday. Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Jefferies Financial Group reissued a “buy” rating and set a $289.00 price objective on shares of Constellation Brands in a research report on Friday, December 7th. Guggenheim began coverage on shares of Constellation Brands in a research report on Thursday, September 13th. They set a “sell” rating and a $177.00 price objective on the stock. Finally, OTR Global raised shares of Constellation Brands to a “positive” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $228.09.

Shares of NYSE:STZ opened at $159.21 on Thursday. Constellation Brands has a 12 month low of $150.37 and a 12 month high of $236.62. The company has a current ratio of 1.66, a quick ratio of 0.76 and a debt-to-equity ratio of 0.80. The firm has a market cap of $28.60 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.57 and a beta of 0.38.

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

In other news, VP Thomas Michael Kane sold 4,419 shares of Constellation Brands 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 sale, the vice president now owns 8,499 shares of the company’s stock, valued at $1,902,331.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Sands sold 151,060 shares of Constellation Brands stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $223.67, for a total transaction of $33,787,590.20. Following the completion of the sale, the chief executive officer now directly owns 737,607 shares in the company, valued at approximately $164,980,557.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 578,723 shares of company stock worth $129,438,449. Insiders own 15.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cullinan Associates Inc. boosted its holdings in shares of Constellation Brands by 75.1% in the fourth quarter. Cullinan Associates Inc. now owns 13,563 shares of the company’s stock valued at $2,181,000 after acquiring an additional 5,817 shares in the last quarter. Carroll Financial Associates Inc. boosted its holdings in Constellation Brands by 132.0% during the fourth quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock worth $48,000 after buying an additional 161 shares in the last quarter. First Hawaiian Bank boosted its holdings in Constellation Brands by 294.9% during the fourth quarter. First Hawaiian Bank now owns 5,560 shares of the company’s stock worth $894,000 after buying an additional 4,152 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Constellation Brands during the fourth quarter worth about $238,000. Finally, Retirement Systems of Alabama boosted its holdings in Constellation Brands by 52.7% during the fourth quarter. Retirement Systems of Alabama now owns 170,112 shares of the company’s stock worth $27,357,000 after buying an additional 58,700 shares in the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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