Constellation Brands (NYSE:STZ) Rating Reaffirmed
They currently have a $165 price target on Constellation Brands (NYSE:STZ). The target price by RBC Capital Mkts would suggest a potential upside of 18.47% from the company’s last close price. This has been revealed to clients and investors in an analyst note on 16 December.
From a total of 9 analysts covering Constellation Brands (NYSE:STZ) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $280 while the lowest target price is $130. The mean of all analyst targets is $163.78 with a 17.59% above today’s ($139.28) stock price. Constellation Brands was the topic of 16 analyst reports since August 27, 2015 according to the firm StockzIntelligence Inc. UBS initiated shares on December 15 with “Neutral” rating. FinnCap maintained shares with “Corporate” rating and $280 target share price in a report from a September 16. Argus Research maintained STZ stock in a recent report from December 7 with “Buy” rating. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on an October 8.
The stock increased 1.15% or $1.59 during the last trading session, striking $139.28. Approximately shares of stock traded hands. Constellation Brands, Inc. (NYSE:STZ) has risen 20.47% since May 13, 2015 and is uptrending. It has outperformed by 23.10% the S&P500.
Analysts await Constellation Brands, Inc. (NYSE:STZ) to reports earnings on January, 14. They expect $1.28 earnings per share, up 4.07% or $0.05 from last year’s $1.23 per share. STZ’s profit will be $249.42M for 27.20 P/E if the $1.28 EPS becomes reality. After $1.56 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -17.95% negative EPS growth.
The overall sentiment of institutions has increased to 1.32 in Q2 2015. Its up 0.35, from 0.97 in 2015Q2. The ratio increased, as 42 institutions have sold all the shares of Constellation Brands, Inc. that they owned while 189 funds have taken shares off the table. 75 funds have purchased shares for the first time while 231 added to their positions. These institutions now hold 159.75 million shares or 9.24% more than the 146.23 million shares they owned in 2015Q2.
The Fund Kensico Capital Management Corp currently is holding shares equating to 17.51% of its total portfolio in Constellation Brands, Inc. representing a total of 6.63 million shares. Another fund,Raveneur Investment Group Lp, is holding a total of 303,399 shares equating to 12.84% of their holdings. Additionally, Suvretta Capital Management Llc has a 824,318 share stake in Constellation Brands, Inc. which represents 10.94% of their total portfolio. The Fund, Freshford Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 8.42% of their total portfolio. Finally Highline Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 1.28 million shares.
Insider activity is a very important aspect to track on any stock. Going back to May 5, 2015, shareholders of Constellation Brands, Inc. have witnessed 0 insider purchases, and a total of 7 insider sales equating to a net activity of approximately $96.18 million . Sands Richard sold 184,187 shares worth approximately $25.09 million. Sands Robert sold 156,730 shares worth approximately $21.34M. Stern Zachary M sold 105,492 shares worth approximately $14.46M. Bennett Abigail J sold 102,403 shares worth approximately $14.03 million. The company insider Hetterich F Paul sold 96,427 shares worth $12.97 million.
Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $27.14 billion. The Company’s operating divisions include Beer, Wine and Spirits and Corporate Operations and Other. It has 32.17 P/E ratio. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products.
According to Zacks Investment Research, “Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands, with a broad portfolio across the wine, spirits and imported beer categories. The Company is the largest multi-category supplier of beverage alcohol in the United States; a leading producer and exporter of wine from Australia and New Zealand; and both a major producer and independent drinks wholesaler in the United Kingdom. Well-known brands in Constellation’s portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Black Velvet, and Fleischmann’s.”