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

Constellation Brands (NYSE:STZ) had its target price dropped by research analysts at Needham & Company LLC from $200.00 to $180.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 23.37% from the stock’s current price.

Several other research analysts also recently commented on the company. Wells Fargo & Company dropped their price target on Constellation Brands from $196.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays set a $202.00 price target on Constellation Brands and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Wall Street Zen raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. BNP Paribas Exane lowered shares of Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target on the stock. in a report on Wednesday. Finally, Cowen reissued a “hold” rating on shares of Constellation Brands in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.36.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $145.90 on Wednesday. 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’s 50 day moving average is $167.43 and its two-hundred day moving average is $175.39. The company has a market cap of $25.72 billion, a P/E ratio of -61.05, a P/E/G ratio of 0.44 and a beta of 0.67. Constellation Brands has a 12 month low of $144.81 and a 12 month high of $261.06.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.57 earnings per share. 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 EPS for the current year.

Insider Buying and Selling at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the 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 sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.45% of the stock is owned by corporate insiders.

Institutional Trading of Constellation Brands

A number of hedge funds have recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands during the first quarter worth about $32,000. Rakuten Securities Inc. raised its position 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 purchasing an additional 161 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $44,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Constellation Brands during the first quarter worth about $38,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.