Barclays Reaffirms "Equal Weight" Rating for Constellation Brands (NYSE:STZ)

Key Points

• Barclays has reaffirmed its "equal weight" rating for Constellation Brands (NYSE:STZ) with a new price objective of $150.00, a reduction from a previous target of $202.00.
• Constellation Brands' shares recently opened at $142.89, experiencing a slight decline in price, and the company reported earnings of $3.22 per share, missing analysts' expectations.
• Other research firms have also adjusted their price targets, with Citigroup setting a new target of $155.00 and Bank of America downgrading its target to $142.00.

Constellation Brands (NYSE:STZ - Get Free Report)'s stock had its "equal weight" rating reissued by research analysts at Barclays in a research note issued on Friday, MarketBeat reports. They presently have a $150.00 price objective on the stock, down from their previous price objective of $202.00. Barclays's price objective would indicate a potential upside of 4.98% from the company's current price.

A number of other research firms have also recently weighed in on STZ. Citigroup lowered their price target on Constellation Brands from $174.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, September 4th. Morgan Stanley lowered their price target on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Bank of America lowered their price target on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating for the company in a report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, The Goldman Sachs Group lowered their target price on Constellation Brands from $225.00 to $196.00 and set a "buy" rating for the company in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $192.28.

Constellation Brands Stock Down 0.0%

Shares of NYSE:STZ opened at $142.89 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business has a fifty day moving average of $165.22 and a two-hundred day moving average of $174.40. The stock has a market cap of $25.19 billion, a P/E ratio of -59.79, a PEG ratio of 0.43 and a beta of 0.67. Constellation Brands has a 52-week low of $142.25 and a 52-week high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, research analysts expect that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company's stock, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Constellation Brands by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after purchasing an additional 2,882,817 shares in the last quarter. Berkshire Hathaway Inc raised its position in Constellation Brands by 11.6% in the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company's stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares in the last quarter. Wellington Management Group LLP raised its position in Constellation Brands by 127.9% in the 1st quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company's stock valued at $822,314,000 after purchasing an additional 2,514,517 shares in the last quarter. Geode Capital Management LLC raised its position in Constellation Brands by 13.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company's stock valued at $605,293,000 after purchasing an additional 448,259 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in Constellation Brands by 39.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company's stock valued at $597,988,000 after purchasing an additional 1,042,904 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

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

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