Constellation Brands (NYSE:STZ) Downgraded by Citigroup to "Neutral"

Constellation Brands (NYSE:STZ - Get Free Report) was downgraded by research analysts at Citigroup from a "buy" rating to a "neutral" rating in a research report issued on Thursday, Marketbeat reports. They presently have a $200.00 target price on the stock, down from their prior target price of $260.00. Citigroup's target price would suggest a potential upside of 10.81% from the company's previous close.

Several other research firms have also commented on STZ. Morgan Stanley lowered Constellation Brands from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $250.41.

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Constellation Brands Trading Up 1.7 %

STZ traded up $3.06 on Thursday, hitting $180.48. The company had a trading volume of 2,071,778 shares, compared to its average volume of 1,572,978. The company's fifty day moving average price is $177.22 and its 200 day moving average price is $216.39. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market cap of $32.62 billion, a P/E ratio of 48.52, a PEG ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $3.19 earnings per share. As a group, equities analysts expect that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.19% of the company's stock.

Hedge Funds Weigh In On Constellation Brands

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

About Constellation Brands

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.