Constellation Brands Inc (STZ) Stock Rating Reaffirmed by J P Morgan Chase & Co

Constellation Brands Inc (NYSE:STZ)‘s stock had its “overweight” rating restated by equities research analysts at J P Morgan Chase & Co in a research report issued on Friday. They currently have a $237.00 target price on the stock, up from their prior target price of $220.00. J P Morgan Chase & Co’s price objective indicates a potential upside of 12.80% from the company’s current price.

A number of other research analysts also recently weighed in on STZ. UBS AG raised their price objective on Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. Stifel Nicolaus lifted their price target on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price target on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $213.84.

Constellation Brands (NYSE:STZ) opened at 210.11 on Friday. The stock has a market cap of $41.06 billion, a PE ratio of 24.14 and a beta of 0.04. The firm has a 50-day moving average price of $201.11 and a 200-day moving average price of $186.94. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.88% and a net margin of 22.04%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business earned $1.77 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Constellation Brands will post $8.18 EPS for the current fiscal year.

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In other Constellation Brands news, Director Barry A. Fromberg sold 2,000 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 54,834 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the transaction, the vice president now directly owns 86,005 shares in the company, valued at approximately $16,727,972.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,351 shares of company stock worth $15,484,172. 15.59% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of STZ. Schroder Investment Management Group acquired a new position in Constellation Brands in the first quarter worth $306,000. Cibc World Markets Corp boosted its stake in Constellation Brands by 65.1% in the first quarter. Cibc World Markets Corp now owns 544,622 shares of the company’s stock worth $88,267,000 after purchasing an additional 214,825 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Constellation Brands by 3.4% in the first quarter. Neuberger Berman Group LLC now owns 39,775 shares of the company’s stock worth $6,446,000 after purchasing an additional 1,306 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Constellation Brands by 55.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 51,729 shares of the company’s stock worth $8,384,000 after purchasing an additional 18,462 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake

A number of other research analysts also recently weighed in on STZ. UBS AG raised their price objective on Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research report on Wednesday, August 2nd. Stifel Nicolaus lifted their price target on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price target on Constellation Brands from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $213.84.

Constellation Brands (NYSE:STZ) opened at 210.11 on Friday. The stock has a market cap of $41.06 billion, a PE ratio of 24.14 and a beta of 0.04. The firm has a 50-day moving average price of $201.11 and a 200-day moving average price of $186.94. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.88% and a net margin of 22.04%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business earned $1.77 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Constellation Brands will post $8.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/08/constellation-brands-inc-stz-stock-rating-reaffirmed-by-j-p-morgan-chase-co.html.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,000 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now owns 22,820 shares of the company’s stock, valued at $4,471,122.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 54,834 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the completion of the transaction, the vice president now directly owns 86,005 shares in the company, valued at approximately $16,727,972.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,351 shares of company stock worth $15,484,172. 15.59% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of STZ. Schroder Investment Management Group acquired a new position in Constellation Brands in the first quarter worth $306,000. Cibc World Markets Corp boosted its stake in Constellation Brands by 65.1% in the first quarter. Cibc World Markets Corp now owns 544,622 shares of the company’s stock worth $88,267,000 after purchasing an additional 214,825 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Constellation Brands by 3.4% in the first quarter. Neuberger Berman Group LLC now owns 39,775 shares of the company’s stock worth $6,446,000 after purchasing an additional 1,306 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Constellation Brands by 55.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 51,729 shares of the company’s stock worth $8,384,000 after purchasing an additional 18,462 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Constellation Brands by 203.6% in the first quarter. Alliancebernstein L.P. now owns 894,745 shares of the company’s stock worth $145,011,000 after purchasing an additional 600,001 shares in the last quarter. 74.96% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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