Constellation Brands (NYSE:STZ) Price Target Lowered to $122.00 at Barclays

Key Points

• Barclays lowered Constellation Brands’ price target to $122 from $132 while maintaining an “equal weight” rating, implying roughly 3% upside from the prior close.
• Analyst sentiment is broadly cautious: the stock has a consensus “Hold” rating and an average price target of $163.95, despite 12 Buy, 9 Hold, and 2 Sell ratings.
• Constellation’s latest quarter missed EPS estimates, while revenue declined 3.3% year over year. Shares opened at $118.40, near their one-year low of $116.93.

Constellation Brands (NYSE:STZ - Get Free Report) had its target price dropped by equities researchers at Barclays from $132.00 to $122.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 3.04% from the stock's previous close.

Several other analysts have also issued reports on STZ. Jefferies Financial Group cut their target price on shares of Constellation Brands from $147.00 to $135.00 and set a "hold" rating for the company in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellation Brands from $150.00 to $136.00 and set a "hold" rating on the stock in a research note on Friday, September 11th. Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a research report on Thursday. Roth Capital reissued a "buy" rating and set a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on Constellation Brands from $185.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $163.95.

Constellation Brands Stock Down 0.5%

Constellation Brands stock opened at $118.40 on Tuesday. The stock has a market cap of $20.22 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands has a one year low of $116.93 and a one year high of $168.60. The stock has a fifty day moving average of $130.18 and a 200 day moving average of $141.40.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $3.22 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, sell-side analysts predict that Constellation Brands will post 11.84 EPS for the current year.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds and other institutional investors have recently modified their holdings of STZ. MV Capital Management Inc. purchased a new stake in Constellation Brands in the 4th quarter worth $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Constellation Brands in the first quarter worth about $33,000. Root Financial Partners LLC lifted its position in shares of Constellation Brands by 231.3% in the first quarter. Root Financial Partners LLC now owns 222 shares of the company's stock worth $33,000 after buying an additional 155 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Constellation Brands in the second quarter worth about $33,000. Finally, Ascentis Independent Advisors bought a new position in Constellation Brands during the first quarter valued at approximately $37,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Company Profile

Constellation Brands, Inc NYSE: STZ is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company's beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.

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