Constellation Brands (NYSE:STZ) Price Target Raised to $207.00 at Barclays

Constellation Brands (NYSE:STZ - Free Report) had its price objective upped by Barclays from $203.00 to $207.00 in a research note published on Monday, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also commented on STZ. Jefferies Financial Group restated a "hold" rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Citigroup cut their price target on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a research report on Thursday, April 10th. BMO Capital Markets dropped their target price on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, TD Cowen decreased their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Stock Performance

Shares of STZ stock traded up $3.55 during trading hours on Monday, reaching $186.58. 1,295,276 shares of the company's stock were exchanged, compared to its average volume of 1,693,049. The business has a fifty day moving average price of $178.12 and a 200-day moving average price of $207.38. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $33.72 billion, a P/E ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the prior year, the company posted $2.26 EPS. The business's revenue was up 1.2% on a year-over-year basis. Analysts predict that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is -800.00%.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently added to or reduced their stakes in STZ. Clarius Group LLC bought a new stake in shares of Constellation Brands in the first quarter valued at about $239,000. Rakuten Securities Inc. grew its stake in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $203,000. Inscription Capital LLC bought a new stake in shares of Constellation Brands in the first quarter worth $335,000. Finally, Grove Bank & Trust boosted its holdings in Constellation Brands by 28.7% during the first quarter. Grove Bank & Trust now owns 3,369 shares of the company's stock worth $618,000 after purchasing an additional 752 shares during the last quarter. 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.