Constellation Brands Inc (STZ) Stock Rating Reaffirmed by Citigroup Inc.

Constellation Brands Inc (NYSE:STZ)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup Inc. in a report released on Monday. They currently have a $232.00 target price on the stock, up from their previous target price of $211.00. Citigroup Inc.’s target price would suggest a potential upside of 11.56% from the company’s previous close.

Several other equities analysts also recently commented on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $237.00 price objective (up from $220.00) on shares of Constellation Brands in a report on Friday, October 6th. Cowen and Company reiterated an “outperform” rating and issued a $243.00 price objective (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Evercore ISI reiterated an “outperform” rating and issued a $235.00 price objective (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Morgan Stanley upped their price objective on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, October 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Constellation Brands from $222.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $216.00.

Constellation Brands (STZ) opened at 207.96 on Monday. The firm has a market capitalization of $40.68 billion, a price-to-earnings ratio of 23.89 and a beta of 0.04. The company has a 50-day moving average of $201.69 and a 200-day moving average of $187.91. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $213.40.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 22.04% and a return on equity of 22.88%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Constellation Brands will post $8.42 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/constellation-brands-inc-stz-stock-rating-reaffirmed-by-citigroup-inc.html.

In related news, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now directly owns 22,820 shares in the company, valued at $4,471,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Insiders sold 77,286 shares of company stock worth $15,123,316 over the last 90 days. 15.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. DSAM Partners London Ltd acquired a new position in shares of Constellation Brands in the second quarter valued at about $21,659,000. Brighton Jones LLC acquired a new position in shares of Constellation Brands in the second quarter valued at about $245,000. Cipher Capital LP acquired a new position in shares of Constellation Brands in the second quarter valued at about $7,833,000. Oak Ridge Investments LLC grew its stake in shares of Constellation Brands by 24.4% in the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock valued at $6,956,000 after acquiring an additional 7,052 shares in the last quarter. Finally,

Several other equities analysts also recently commented on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $237.00 price objective (up from $220.00) on shares of Constellation Brands in a report on Friday, October 6th. Cowen and Company reiterated an “outperform” rating and issued a $243.00 price objective (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Evercore ISI reiterated an “outperform” rating and issued a $235.00 price objective (up from $230.00) on shares of Constellation Brands in a report on Friday, October 6th. Morgan Stanley upped their price objective on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, October 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Constellation Brands from $222.00 to $226.00 and gave the company an “outperform” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $216.00.

Constellation Brands (STZ) opened at 207.96 on Monday. The firm has a market capitalization of $40.68 billion, a price-to-earnings ratio of 23.89 and a beta of 0.04. The company has a 50-day moving average of $201.69 and a 200-day moving average of $187.91. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $213.40.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 22.04% and a return on equity of 22.88%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Constellation Brands will post $8.42 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/constellation-brands-inc-stz-stock-rating-reaffirmed-by-citigroup-inc.html.

In related news, Director Barry A. Fromberg sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $195.93, for a total value of $391,860.00. Following the transaction, the director now directly owns 22,820 shares in the company, valued at $4,471,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Insiders sold 77,286 shares of company stock worth $15,123,316 over the last 90 days. 15.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. DSAM Partners London Ltd acquired a new position in shares of Constellation Brands in the second quarter valued at about $21,659,000. Brighton Jones LLC acquired a new position in shares of Constellation Brands in the second quarter valued at about $245,000. Cipher Capital LP acquired a new position in shares of Constellation Brands in the second quarter valued at about $7,833,000. Oak Ridge Investments LLC grew its stake in shares of Constellation Brands by 24.4% in the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock valued at $6,956,000 after acquiring an additional 7,052 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its stake in shares of Constellation Brands by 9.6% in the first quarter. United Capital Financial Advisers LLC now owns 9,113 shares of the company’s stock valued at $1,477,000 after acquiring an additional 797 shares in the last quarter. Institutional investors and hedge funds own 74.96% of the company’s stock.

Constellation Brands Company Profile

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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