Constellation Brands (NYSE:STZ) Receives Outperform Rating from Royal Bank of Canada

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Monday,Benzinga reports. They presently have a $293.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 69.64% from the stock’s previous close.

Several other analysts have also issued reports on STZ. Morgan Stanley reduced their price objective on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. 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 research report on Tuesday, January 14th. Roth Capital cut their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. BNP Paribas initiated coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Constellation Brands Price Performance

Constellation Brands stock opened at $172.72 on Monday. 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 stock has a market cap of $31.22 billion, a P/E ratio of 46.43, a PEG ratio of 1.59 and a beta of 0.90. The company has a 50-day moving average price of $214.07 and a 200 day moving average price of $233.24. Constellation Brands has a 12-month low of $166.02 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for 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%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 EPS. Sell-side analysts anticipate that Constellation Brands will post 13.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,746 shares of company stock worth $15,017,097. Company insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

A number of institutional investors have recently bought and sold shares of STZ. Oakworth Capital Inc. increased its stake in shares of Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC increased its position in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after buying an additional 42 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Constellation Brands by 6.2% in the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after acquiring an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Constellation Brands by 4.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after acquiring an additional 51 shares during the last quarter. 77.34% of the stock is currently 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.