Citigroup Issues Pessimistic Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its target price reduced by equities researchers at Citigroup from $174.00 to $155.00 in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 4.46% from the stock’s current price.

STZ has been the subject of several other research reports. BNP Paribas cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Truist Financial raised shares of Constellation Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. Barclays set a $202.00 price target on Constellation Brands and gave the company an “overweight” rating in a research report on Thursday, June 26th. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $196.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC dropped their price target on Constellation Brands from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $194.36.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $148.38 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands has a twelve month low of $144.81 and a twelve month high of $261.06. The business has a 50-day moving average price of $167.18 and a 200 day moving average price of $175.24. The firm has a market cap of $26.16 billion, a PE ratio of -62.08, a P/E/G ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share 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 business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $3.57 EPS. Constellation Brands’s revenue for the quarter was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Sell-side analysts predict that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insider Transactions at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.45% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently modified their holdings of STZ. Brighton Jones LLC boosted its holdings in Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Constellation Brands by 39.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company’s stock worth $1,347,000 after buying an additional 1,733 shares during the last quarter. AXA S.A. grew its holdings in shares of Constellation Brands by 266.5% during the fourth quarter. AXA S.A. now owns 13,551 shares of the company’s stock valued at $2,995,000 after purchasing an additional 9,854 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Constellation Brands by 57.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,965 shares of the company’s stock valued at $434,000 after purchasing an additional 718 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $341,000. Institutional investors and hedge funds 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.