Constellation Brands (NYSE:STZ) Given New $262.00 Price Target at Deutsche Bank Aktiengesellschaft

Constellation Brands (NYSE:STZ) had its price target boosted by Deutsche Bank Aktiengesellschaft from $256.00 to $262.00 in a research report sent to investors on Wednesday morning. They currently have a hold rating on the stock.

STZ has been the subject of several other reports. Bank of America upped their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a buy rating in a research report on Monday, March 18th. TheStreet cut Constellation Brands from a b rating to a c+ rating in a research report on Friday, January 5th. Argus cut Constellation Brands from a buy rating to a hold rating in a research report on Wednesday, January 10th. Royal Bank of Canada reissued an outperform rating and issued a $295.00 target price on shares of Constellation Brands in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on Constellation Brands from $309.00 to $301.00 and set an overweight rating for the company in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has an average rating of Moderate Buy and a consensus price target of $292.78.

Constellation Brands Trading Up 0.7 %

Shares of NYSE STZ opened at $264.92 on Wednesday. Constellation Brands has a twelve month low of $221.81 and a twelve month high of $273.65. The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $256.29 and a 200-day simple moving average of $246.84. The stock has a market capitalization of $48.43 billion, a PE ratio of 31.35, a PEG ratio of 1.82 and a beta of 0.97.

Institutional Trading of Constellation Brands

Several hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC increased its stake in Constellation Brands by 84,839.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after purchasing an additional 3,738,028 shares in the last quarter. Norges Bank purchased a new position in Constellation Brands in the 4th quarter valued at approximately $443,844,000. Barclays PLC increased its stake in Constellation Brands by 102.0% in the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock valued at $723,027,000 after purchasing an additional 1,483,668 shares in the last quarter. Morgan Stanley increased its stake in Constellation Brands by 31.3% in the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after purchasing an additional 908,486 shares in the last quarter. Finally, Darsana Capital Partners LP increased its stake in Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after purchasing an additional 650,000 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.