Needham & Company LLC Lowers Constellation Brands (NYSE:STZ) Price Target to $180.00

Key Points

• Needham & Company LLC has lowered its price target for Constellation Brands from $200.00 to $180.00, while maintaining a "buy" rating, suggesting a potential upside of 22.25% from its current price.
• Constellation Brands' stock dropped 2.7% during trading, closing at $147.24, which is near its twelve-month low of $147.89.
• The company's quarterly earnings report showed missed expectations with earnings per share at $3.22, below the consensus estimate of $3.45, alongside a 5.5% decline in revenue year-over-year.

Constellation Brands (NYSE:STZ - Get Free Report) had its price objective dropped by Needham & Company LLC from $200.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price target indicates a potential upside of 22.25% from the stock's current price.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler increased their target price on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $190.00 to $215.00 in a report on Wednesday, May 7th. Barclays set a $202.00 price target on Constellation Brands and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wells Fargo & Company decreased their price objective on Constellation Brands from $196.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and a consensus price target of $204.42.

Constellation Brands Trading Down 2.7%

NYSE:STZ traded down $4.02 during trading hours on Wednesday, reaching $147.24. 918,239 shares of the stock were exchanged, compared to its average volume of 2,400,597. 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 50-day moving average of $168.04 and a two-hundred day moving average of $175.70. Constellation Brands has a twelve month low of $147.89 and a twelve month high of $261.06. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of -61.75, a PEG ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the firm posted $3.57 earnings per share. The company's quarterly revenue 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. On average, equities analysts predict that Constellation Brands will post 13.5 EPS for the current year.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 821 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 9,438 shares of the company's stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.45% of the stock is owned by corporate insiders.

Institutional Trading of Constellation Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its position in shares of Constellation Brands by 10.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,672 shares of the company's stock valued at $1,085,000 after purchasing an additional 638 shares during the period. Cim Investment Management Inc. lifted its stake in Constellation Brands by 99.6% in the second quarter. Cim Investment Management Inc. now owns 11,745 shares of the company's stock valued at $1,911,000 after buying an additional 5,860 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Constellation Brands by 14.3% in the second quarter. Coppell Advisory Solutions LLC now owns 1,935 shares of the company's stock valued at $312,000 after buying an additional 242 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Constellation Brands during the second quarter worth approximately $49,000. Finally, Marex Group plc acquired a new position in shares of Constellation Brands in the 2nd quarter valued at $1,889,000. 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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