Constellation Brands (NYSE:STZ) Stock Price Target Lowered at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein lowered Constellation Brands’ price target from $197 to $180 while maintaining an “outperform” rating, implying approximately 58% upside from the stock’s $113.59 price.
• Analyst sentiment is mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $159.33, based on 12 Buy, nine Hold, and two Sell ratings.
• Constellation Brands recently missed quarterly earnings expectations, reporting $3.43 in EPS versus a $3.70 consensus estimate, while revenue declined 3.3% year over year to $2.43 billion.

Constellation Brands (NYSE:STZ - Get Free Report) had its price target lowered by investment analysts at Sanford C. Bernstein from $197.00 to $180.00 in a note issued to investors on Monday. The firm currently has an "outperform" rating on the stock. Sanford C. Bernstein's price objective would suggest a potential upside of 58.46% from the company's current price.

A number of other research analysts have also issued reports on STZ. Piper Sandler reiterated a "neutral" rating and set a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. UBS Group lowered their price objective on Constellation Brands from $168.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. Roth Capital reiterated a "buy" rating and set a $209.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Constellation Brands in a research note on Friday, July 31st. Finally, Morgan Stanley decreased their price target on Constellation Brands from $183.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of "Hold" and an average target price of $159.33.

Constellation Brands Trading Down 0.0%

NYSE:STZ opened at $113.59 on Monday. Constellation Brands has a 12-month low of $113.33 and a 12-month high of $168.60. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock's 50 day simple moving average is $128.79 and its 200-day simple moving average is $140.47. The firm has a market cap of $19.40 billion, a P/E ratio of 10.84, a PEG ratio of 2.25 and a beta of 0.41.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business earned $3.22 earnings per share. Constellation Brands's revenue for the quarter 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. Equities analysts anticipate that Constellation Brands will post 11.84 EPS for the current year.

Institutional Investors Weigh In On Constellation Brands

Institutional investors have recently modified their holdings of the company. HB Wealth Management LLC grew its holdings in shares of Constellation Brands by 0.7% during the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company's stock valued at $1,619,000 after purchasing an additional 72 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Constellation Brands by 4.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company's stock worth $296,000 after buying an additional 77 shares during the period. Rexford Capital Inc. lifted its stake in Constellation Brands by 4.0% in the first quarter. Rexford Capital Inc. now owns 2,072 shares of the company's stock valued at $311,000 after buying an additional 79 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Constellation Brands by 4.0% during the first quarter. Keybank National Association OH now owns 2,338 shares of the company's stock valued at $351,000 after acquiring an additional 90 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in shares of Constellation Brands by 3.6% during the first quarter. Banque Cantonale Vaudoise now owns 2,643 shares of the company's stock worth $397,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other 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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