Constellation Brands, Inc. (NYSE:STZ) has earned a consensus rating of “Buy” from the twenty-nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $226.11.

A number of research analysts have recently issued reports on STZ shares. Goldman Sachs Group upgraded Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Thursday, January 10th. Pivotal Research restated a “buy” rating and set a $265.00 target price (down from $300.00) on shares of Constellation Brands in a research note on Wednesday, January 9th. Jefferies Financial Group restated a “buy” rating and set a $289.00 target price on shares of Constellation Brands in a research note on Friday, December 7th. Wells Fargo & Co restated an “outperform” rating and set a $235.00 target price (down from $260.00) on shares of Constellation Brands in a research note on Thursday, January 10th. Finally, HSBC upgraded Constellation Brands from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. They noted that the move was a valuation call.

Shares of NYSE:STZ traded down $0.16 on Friday, reaching $170.45. The company had a trading volume of 2,682,636 shares, compared to its average volume of 2,735,572. Constellation Brands has a 52-week low of $150.37 and a 52-week high of $236.62. The company has a market capitalization of $32.36 billion, a PE ratio of 19.55, a P/E/G ratio of 1.99 and a beta of 0.45. The company has a current ratio of 1.08, a quick ratio of 0.43 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.33. Constellation Brands had a return on equity of 17.62% and a net margin of 35.27%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $2.00 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Constellation Brands will post 9.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 11th. This represents a $2.96 dividend on an annualized basis and a yield of 1.74%. Constellation Brands’s dividend payout ratio is currently 10.67%.

In other Constellation Brands news, Director Barry A. Fromberg sold 810 shares of Constellation Brands stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $173.05, for a total transaction of $140,170.50. Following the completion of the sale, the director now owns 20,550 shares of the company’s stock, valued at approximately $3,556,177.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 1,500 shares of Constellation Brands stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $174.72, for a total value of $262,080.00. Following the sale, the director now directly owns 18,240 shares of the company’s stock, valued at approximately $3,186,892.80. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Truewealth LLC lifted its holdings in shares of Constellation Brands by 467.9% in the 4th quarter. Truewealth LLC now owns 159 shares of the company’s stock valued at $26,000 after buying an additional 131 shares during the period. City Holding Co. acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $31,000. Ledyard National Bank acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $31,000. Quantamental Technologies LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $32,000. Finally, We Are One Seven LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at about $32,000. 72.57% of the stock is owned by institutional investors.

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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