Citigroup Cuts Constellation Brands (NYSE:STZ) Price Target to $145.00

Key Points

• Citigroup has lowered its price target for Constellation Brands from $155.00 to $145.00, maintaining a "neutral" rating on the stock, which suggests an upside potential of 8.92% from its current price.
• Several other analysts have made conflicting adjustments to their price targets, with UBS Group raising theirs to $205.00, while Jefferies lowered it to $179.00.
• Constellation Brands reported earnings of $3.22 per share, missing estimates, and its revenue decreased by 5.5% compared to the previous year.

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective reduced by research analysts at Citigroup from $155.00 to $145.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential upside of 8.92% from the stock's current price.

A number of other analysts have also commented on STZ. UBS Group increased their price objective on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Jefferies Financial Group lowered their target price on shares of Constellation Brands from $205.00 to $179.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Barclays reaffirmed an "equal weight" rating and set a $150.00 price target (down previously from $202.00) on shares of Constellation Brands in a research report on Friday, September 12th. Morgan Stanley lowered their price objective on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company cut their target price on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and a consensus target price of $191.88.

Constellation Brands Price Performance

Constellation Brands stock opened at $133.12 on Tuesday. The firm has a market cap of $23.47 billion, a PE ratio of -55.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands has a one year low of $131.82 and a one year high of $261.06. The stock's fifty day moving average price is $160.22 and its two-hundred day moving average price is $172.28.

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

Insider Transactions at Constellation Brands

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STZ. Gilbert & Cook Inc. lifted its holdings in shares of Constellation Brands by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company's stock worth $388,000 after purchasing an additional 60 shares in the last quarter. Piscataqua Savings Bank raised its holdings in Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after buying an additional 62 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after buying an additional 62 shares in the last quarter. World Investment Advisors increased its position in shares of Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after acquiring an additional 62 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Constellation Brands by 3.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company's stock valued at $274,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

About Constellation Brands

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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