Constellation Brands (NYSE:STZ) Price Target Increased to $309.00 by Analysts at Barclays

Constellation Brands (NYSE:STZ) had its target price lifted by research analysts at Barclays from $295.00 to $309.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 22.50% from the stock’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group lifted their price objective on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Truist Financial reissued a “hold” rating and issued a $265.00 target price on shares of Constellation Brands in a research note on Wednesday, July 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, September 17th. Morgan Stanley reduced their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Finally, Roth Mkm dropped their target price on Constellation Brands from $303.00 to $298.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.12.

Constellation Brands Price Performance

Constellation Brands stock traded down $2.57 during mid-day trading on Tuesday, hitting $252.25. 217,369 shares of the company were exchanged, compared to its average volume of 1,175,192. Constellation Brands has a 12-month low of $227.50 and a 12-month high of $274.87. The company has a market capitalization of $46.16 billion, a P/E ratio of 18.87, a PEG ratio of 1.69 and a beta of 1.75. The business’s 50 day simple moving average is $245.53 and its two-hundred day simple moving average is $253.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.11. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 EPS. Analysts forecast that Constellation Brands will post 13.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. The disclosure for this sale can be found here. Insiders sold a total of 16,414 shares of company stock worth $3,982,922 over the last ninety days. Company insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several large investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC increased its position in Constellation Brands by 1.1% during the first quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after acquiring an additional 39 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of Constellation Brands by 16.5% in the first quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock valued at $79,000 after buying an additional 41 shares during the period. Copperwynd Financial LLC grew its position in Constellation Brands by 1.6% during the fourth quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock worth $672,000 after buying an additional 43 shares in the last quarter. Brighton Jones LLC increased its stake in Constellation Brands by 4.7% during the second quarter. Brighton Jones LLC now owns 950 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares during the period. Finally, RDA Financial Network raised its holdings in Constellation Brands by 2.3% in the 1st quarter. RDA Financial Network now owns 1,923 shares of the company’s stock valued at $523,000 after acquiring an additional 44 shares in the last quarter. 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.