Wells Fargo & Company Has Lowered Expectations for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective decreased by investment analysts at Wells Fargo & Company from $230.00 to $210.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 20.84% from the company's previous close.

A number of other brokerages also recently commented on STZ. Barclays decreased their target price on Constellation Brands from $205.00 to $203.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada dropped their target price on Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Needham & Company LLC lowered their price target on shares of Constellation Brands from $240.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Finally, Roth Capital dropped their price objective 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $244.32.

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Constellation Brands Stock Performance

Shares of STZ stock traded down $7.70 on Wednesday, hitting $173.79. 3,176,710 shares of the stock traded hands, compared to its average volume of 1,647,030. The company's fifty day moving average is $177.14 and its 200 day moving average is $212.55. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a market capitalization of $31.41 billion, a PE ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company posted $3.19 earnings per share. The firm's revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

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