Morgan Stanley maintained it with "Overweight" rating and $194 target in Thursday, October 6 report.
Several other research analysts have also weighed in on STZ. Finally, Evercore ISI restated an "outperform" rating and issued a $235.00 target price (up from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. Deutsche Bank initiated coverage on shares of Constellation Brands in a research note on Wednesday, December 13th. They issued a "buy" rating and a $244.00 price target for the company. Susquehanna Bancshares reissued a "neutral" rating and issued a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Constellation Brands presently has a consensus rating of "Buy" and an average target price of $224.80.
Constellation Brands (NYSE:STZ) traded down $1.71 during midday trading on Friday, hitting $225.79. Pinnacle Wealth Management Advisory Group Llc sold 8,482 shares as the company's stock declined 2.84% while stock markets rallied.
Now insiders hold 1,614,145 shares in the business which makes up 0.83% of shares. Impala Asset Management Llc who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $44.16B market cap company. (NYSE:STZ). Millennium Mgmt Limited Com holds 0.01% of its portfolio in Constellation Brands, Inc. Temporary downside caused buying opportunity with money flow recorded at $15.60M this was driven by Constellation Brands, Inc. up down ratio came in at 1.11X for yesterday with buying at $156.33 M in positive, while buying at dips stood at $140.73 ML, the positive divergence With respect to block trades, money flow index ended at $22.88 ML, investors continued buying stock throughout the day with $27.91 ML through upticks and $5.03 M in buying dips, this typically means traders took advantage of every dip to accumulate. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. Company is expected to experience high revenue and earnings growth, but this might be uphill task with PEG at 1.72.
Beer sales, the company's biggest business, rose 8 percent in the quarter.
Vetr upgraded shares of Constellation Brands, Inc. Of those transactions, there were 182,380 shares of STZ bought and 290,743 shares sold. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. 400 shares valued at $92,023 were sold by Lindekugel Jon T on Tuesday, October 31. Insiders own 15.59% of the company's stock. 28 funds opened positions while 87 raised stakes.
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However, Constellation Brands found another Louisville spirits company to invest in - Copper & Kings American Brandy Co. Veritable L.P. now owns 3,447 shares of the company's stock worth $668,000 after purchasing an additional 61 shares during the last quarter. Tredje AP fonden increased its position in Constellation Brands by 33.0% during the 2nd quarter. Loomis Sayles & Company LP has invested 0.02% in Constellation Brands, Inc. Thrivent Financial For Lutherans now owns 6,440 shares of the company's stock worth $1,248,000 after purchasing an additional 90 shares during the last quarter.
Right now Constellation Brands, Inc. immediate liquidity standing at 0.7% does not seem good, and low current ratio might be short term as management often use short term liquidity to meet its long term outlook. Finally, WFG Advisors LP increased its stake in shares of Constellation Brands by 7.3% during the 2nd quarter. Canada Pension Plan Invest Board, Ontario - Canada-based fund reported 129,534 shares.
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Cibc World Markets Corp decreased its stake in Constellation Brands Inc Cl A (STZ) by 61.44% based on its latest 2017Q3 regulatory filing with the SEC. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy.
Organic sales across beer, spirits and wine increased by 7% in the nine months to the end of November, Constellation said today.
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