Constellation Brands (NYSE:STZ – Get Free Report) had its price objective reduced by equities research analysts at Barclays from $132.00 to $122.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 3.04% from the company’s current price.
STZ has been the topic of several other research reports. Freedom Capital downgraded Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Raymond James Financial set a $150.00 price target on Constellation Brands in a research report on Thursday. UBS Group reduced their price objective on Constellation Brands from $175.00 to $168.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Finally, Wells Fargo & Company decreased their price objective on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $163.95.
Read Our Latest Report on Constellation Brands
Constellation Brands Price Performance
Constellation Brands (NYSE:STZ – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts anticipate that Constellation Brands will post 11.84 earnings per share for the current year.
Hedge Funds Weigh In On Constellation Brands
Several large investors have recently made changes to their positions in STZ. MV Capital Management Inc. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in Constellation Brands during the first quarter worth $33,000. Root Financial Partners LLC boosted its position in shares of Constellation Brands by 231.3% during the first quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Constellation Brands in the second quarter valued at $33,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Constellation Brands in the 1st quarter valued at $37,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.
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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