Constellation Brands (NYSE:STZ) Price Target Cut to $223.00 by Analysts at UBS Group

Constellation Brands (NYSE:STZ - Get Free Report) had its target price dropped by investment analysts at UBS Group from $265.00 to $223.00 in a note issued to investors on Friday. The firm presently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 21.16% from the company's previous close.

STZ has been the topic of a number of other research reports. TD Cowen decreased their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Needham & Company LLC restated a "buy" rating and set a $280.00 target price on shares of Constellation Brands in a report on Friday, January 10th. Truist Financial dropped their target price on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating for the company in a research report on Tuesday. Barclays lowered their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Roth Mkm reiterated a "buy" rating and set a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $259.05.

Constellation Brands Price Performance

Shares of STZ stock traded down $0.52 during trading on Friday, hitting $184.05. The company had a trading volume of 2,839,837 shares, compared to its average volume of 1,501,511. The stock's 50-day moving average is $226.75 and its two-hundred day moving average is $238.96. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands has a 52 week low of $176.51 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, analysts predict that Constellation Brands will post 13.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now owns 16,042 shares of the company's stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock worth $16,778,841 over the last 90 days. Company insiders own 12.19% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Secure Asset Management LLC grew its position in Constellation Brands by 18.0% during the 4th quarter. Secure Asset Management LLC now owns 7,489 shares of the company's stock worth $1,655,000 after purchasing an additional 1,145 shares during the period. Whalen Wealth Management Inc. purchased a new position in Constellation Brands during the fourth quarter valued at approximately $274,000. Mutual Advisors LLC lifted its holdings in Constellation Brands by 184.5% in the fourth quarter. Mutual Advisors LLC now owns 4,544 shares of the company's stock valued at $1,004,000 after acquiring an additional 2,947 shares during the period. Wesbanco Bank Inc. boosted its position in Constellation Brands by 2.4% in the 4th quarter. Wesbanco Bank Inc. now owns 38,665 shares of the company's stock worth $8,545,000 after purchasing an additional 901 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Constellation Brands by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 138,024 shares of the company's stock worth $30,504,000 after purchasing an additional 2,927 shares during the period. Institutional investors and hedge funds 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.