Constellation Brands (NYSE:STZ) Lifted to “Strong-Buy” at Vetr

Constellation Brands (NYSE:STZ) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, February 5th. The brokerage presently has a $238.15 price objective on the stock. Vetr‘s price objective suggests a potential upside of 11.29% from the stock’s current price.

STZ has been the topic of a number of other research reports. Citigroup reiterated a “neutral” rating and set a $232.00 price objective (up previously from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Deutsche Bank assumed coverage on Constellation Brands in a research report on Wednesday, December 13th. They set a “buy” rating and a $244.00 price objective on the stock. Finally, Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research report on Monday, January 1st. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $237.77.

Constellation Brands (STZ) opened at $214.00 on Monday. The firm has a market capitalization of $41,564.75, a P/E ratio of 23.31, a PEG ratio of 1.31 and a beta of 0.11. Constellation Brands has a 1 year low of $153.28 and a 1 year high of $229.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same quarter last year, the business posted $1.96 earnings per share. sell-side analysts expect that Constellation Brands will post 8.53 EPS for the current year.

Constellation Brands announced that its board has initiated a stock repurchase program on Friday, January 5th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the sale, the director now owns 20,790 shares of the company’s stock, valued at $4,582,531.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.59% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of STZ. AHL Partners LLP acquired a new stake in shares of Constellation Brands in the second quarter valued at $3,032,000. Shelton Capital Management acquired a new position in Constellation Brands during the 2nd quarter worth $210,000. Cornerstone Capital Management Holdings LLC. grew its stake in Constellation Brands by 69.7% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 50,816 shares of the company’s stock worth $9,844,000 after purchasing an additional 20,865 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Constellation Brands by 435.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,842 shares of the company’s stock worth $357,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC grew its stake in Constellation Brands by 3.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 2,352 shares of the company’s stock worth $456,000 after purchasing an additional 75 shares in the last quarter. 75.36% of the stock is owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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