Constellation Brands (NYSE:STZ) Price Target Cut to $256.00 by Analysts at Roth Mkm

Constellation Brands (NYSE:STZ) had its target price dropped by equities research analysts at Roth Mkm from $284.00 to $256.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 41.22% from the stock’s current price.

STZ has been the subject of several other reports. Truist Financial cut their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Citigroup lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $260.00 to $200.00 in a report on Thursday, March 20th. Barclays dropped their price objective on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $244.32.

Constellation Brands Trading Down 0.8 %

STZ traded down $1.45 during trading on Thursday, reaching $181.28. 1,431,963 shares of the stock traded hands, compared to its average volume of 1,631,886. The stock has a market capitalization of $32.76 billion, a PE ratio of 48.73, a P/E/G ratio of 1.52 and a beta of 1.75. The stock’s 50-day moving average is $177.29 and its 200 day moving average is $213.33. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 earnings per share. Equities analysts anticipate that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 12.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently bought and sold shares of the business. Mainstream Capital Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands during the fourth quarter valued at about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the fourth quarter worth approximately $29,000. 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.