Constellation Brands (NYSE:STZ) Given New $215.00 Price Target at BMO Capital Markets

Constellation Brands (NYSE:STZ - Get Free Report) had its target price dropped by equities research analysts at BMO Capital Markets from $260.00 to $215.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 14.72% from the company's current price.

Other analysts have also recently issued reports about the stock. TD Cowen decreased their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Truist Financial cut their price objective on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada decreased their price target on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a report on Friday, March 7th. StockNews.com upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $215.00 price target on shares of Constellation Brands in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $228.50.

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Constellation Brands Price Performance

Shares of NYSE STZ traded up $1.78 during midday trading on Friday, reaching $187.41. The company's stock had a trading volume of 2,025,205 shares, compared to its average volume of 1,694,560. The company has a market cap of $33.87 billion, a price-to-earnings ratio of 50.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands has a one year low of $160.46 and a one year high of $265.70. The company has a 50 day moving average price of $176.86 and a 200 day moving average price of $208.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 EPS. On average, equities research analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 12.19% of the stock is currently owned by insiders.

Institutional Trading of Constellation Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Mainstream Capital Management LLC bought a new position in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the 4th quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth approximately $29,000. 77.34% of the stock is owned by institutional investors.

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.