Constellation Brands’ (STZ) Outperform Rating Reaffirmed at Royal Bank of Canada

Constellation Brands (NYSE:STZGet Free Report)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $308.00 target price on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 37.19% from the company’s current price.

Several other equities analysts have also recently weighed in on STZ. UBS Group dropped their price objective on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Barclays dropped their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. BNP Paribas initiated coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price for the company. BMO Capital Markets cut their target price on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Finally, TD Cowen cut shares of Constellation Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $300.00 to $270.00 in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $287.70.

Get Our Latest Stock Report on STZ

Constellation Brands Trading Up 0.7 %

Shares of NYSE STZ traded up $1.58 during trading on Tuesday, reaching $224.51. The company had a trading volume of 275,923 shares, compared to its average volume of 1,277,615. The company’s fifty day moving average price is $233.85 and its 200-day moving average price is $242.78. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The stock has a market cap of $40.76 billion, a P/E ratio of 72.66, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands has a 12 month low of $217.52 and a 12 month high of $274.87.

Insider Transactions at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the transaction, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after purchasing an additional 497,543 shares during the last quarter. State Street Corp increased its position in shares of Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Constellation Brands by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after purchasing an additional 241,982 shares during the last quarter. NFJ Investment Group LLC boosted its position in shares of Constellation Brands by 617.3% in the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after purchasing an additional 93,273 shares in the last quarter. Finally, World Investment Advisors LLC raised its stake in Constellation Brands by 4,601.2% in the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock valued at $22,618,000 after buying an additional 85,904 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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