Royal Bank of Canada Reiterates “Outperform” Rating for Constellation Brands (NYSE:STZ)

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $308.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 24.92% from the company’s previous close.

A number of other research analysts also recently issued reports on STZ. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Evercore ISI increased their price target on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $305.00 price objective on shares of Constellation Brands in a research note on Friday, April 12th. Finally, Bank of America raised their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Trading Down 0.8 %

Shares of Constellation Brands stock traded down $1.95 during trading on Tuesday, hitting $246.56. The company’s stock had a trading volume of 192,402 shares, compared to its average volume of 1,180,896. The stock has a market cap of $45.12 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. 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 has a 52 week low of $227.50 and a 52 week high of $274.87. The stock has a 50-day moving average price of $260.55 and a two-hundred day moving average price of $250.94.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands will post 13.53 EPS for the current fiscal year.

Insider Transactions at Constellation Brands

In related news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The disclosure for this sale can be found here. Insiders sold a total of 48,031 shares of company stock valued at $12,582,321 over the last ninety days. 16.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently made changes to their positions in STZ. Cetera Advisors LLC raised its holdings in shares of Constellation Brands by 182.1% in the 1st quarter. Cetera Advisors LLC now owns 14,236 shares of the company’s stock valued at $3,869,000 after acquiring an additional 9,190 shares in the last quarter. Cetera Investment Advisers lifted its position in Constellation Brands by 128.2% during the first quarter. Cetera Investment Advisers now owns 40,716 shares of the company’s stock valued at $11,065,000 after purchasing an additional 22,870 shares during the last quarter. Burney Co. grew its stake in Constellation Brands by 2.6% in the 1st quarter. Burney Co. now owns 15,873 shares of the company’s stock worth $4,314,000 after buying an additional 400 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Constellation Brands by 21.5% in the 1st quarter. Atria Investments Inc now owns 25,726 shares of the company’s stock worth $6,991,000 after buying an additional 4,556 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $561,000. Hedge funds and other 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.