Deutsche Bank Aktiengesellschaft Lowers Constellation Brands (NYSE:STZ) Price Target to $158.00

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Constellation Brands from $182.00 to $158.00 while maintaining a "hold" rating, indicating a potential upside of 7.15% from its last close.
• Other brokerages such as JPMorgan Chase & Co. and Raymond James Financial have also made adjustments to their price targets, with JPMorgan raising it to $182.00 and Raymond James upgrading to a "strong-buy" rating.
• Constellation Brands reported earnings per share (EPS) of $3.22 for the recent quarter, missing expectations by $0.23, with revenue down 5.5% year-over-year at $2.52 billion.

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $182.00 to $158.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 7.15% from the company's previous close.

Several other brokerages have also recently issued reports on STZ. JPMorgan Chase & Co. boosted their price objective on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Raymond James Financial upgraded shares of Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Morgan Stanley reduced their price objective on shares of Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a research report on Wednesday. The Goldman Sachs Group dropped their target price on Constellation Brands from $225.00 to $196.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC cut their target price on Constellation Brands from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $200.67.

Constellation Brands Stock Performance

Shares of STZ traded down $3.80 during mid-day trading on Wednesday, hitting $147.46. 2,413,177 shares of the company's stock were exchanged, compared to its average volume of 2,410,556. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. Constellation Brands has a fifty-two week low of $146.77 and a fifty-two week high of $261.06. The business's 50 day moving average is $168.04 and its two-hundred day moving average is $175.70. The firm has a market capitalization of $26.00 billion, a P/E ratio of -61.76, a P/E/G ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the company earned $3.57 earnings per share. The firm's revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities analysts expect that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.45% of the company's stock.

Institutional Trading of Constellation Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands during the 1st quarter worth about $32,000. Rakuten Securities Inc. grew its holdings in shares of Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $44,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Constellation Brands in the first quarter valued at approximately $38,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

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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