Constellation Brands (NYSE:STZ) Stock Rating Lowered by StockNews.com

Constellation Brands (NYSE:STZ - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

STZ has been the topic of a number of other reports. Morgan Stanley downgraded shares of Constellation Brands from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Royal Bank of Canada reduced their price target on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Roth Capital reduced their price target on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Barclays reduced their price target on shares of Constellation Brands from $214.00 to $205.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, UBS Group dropped their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $252.81.

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Constellation Brands Stock Performance

Shares of NYSE STZ opened at $181.41 on Friday. The firm has a fifty day moving average price of $181.39 and a 200-day moving average price of $219.80. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a market cap of $32.79 billion, a PE ratio of 48.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. During the same period last year, the company earned $3.19 earnings per share. The business's revenue for the quarter was down .3% on a year-over-year basis. Equities analysts anticipate that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insider Activity

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.19% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently modified their holdings of the business. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $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 shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $29,000. 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.

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