Constellation Brands, Inc. (NYSE:STZ) Given Average Recommendation of “Moderate Buy” by Analysts

Constellation Brands, Inc. (NYSE:STZ) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $286.15.

A number of equities research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. cut their target price on Constellation Brands from $293.00 to $262.00 and set an “overweight” rating on the stock in a research report on Tuesday. BNP Paribas initiated coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target for the company. Evercore ISI cut their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Roth Mkm reiterated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th.

Constellation Brands Stock Down 2.0 %

Shares of NYSE:STZ opened at $218.44 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm has a market cap of $39.66 billion, a price-to-earnings ratio of 70.69, a PEG ratio of 1.69 and a beta of 1.75. The stock’s 50-day moving average price is $233.49 and its two-hundred day moving average price is $242.46. Constellation Brands has a 12-month low of $217.52 and a 12-month high of $274.87.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock valued at $46,058,091 over the last ninety days. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in Constellation Brands in the second quarter valued at approximately $36,000. Wellington Shields & Co. LLC boosted its position in Constellation Brands by 50.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Eastern Bank acquired a new stake in Constellation Brands in the third quarter worth $39,000. Versant Capital Management Inc lifted its stake in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Constellation Brands during the third quarter valued at $42,000. Institutional investors own 77.34% of the company’s stock.

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.