Sanford C. Bernstein Issues Pessimistic Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its target price reduced by equities researchers at Sanford C. Bernstein from $225.00 to $195.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 31.42% from the stock’s current price.

A number of other research analysts also recently commented on STZ. Morgan Stanley lowered their target price on Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group boosted their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Roth Capital reaffirmed a “buy” rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday. Truist Financial raised Constellation Brands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $190.00 to $215.00 in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group reduced their price target on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.36.

Constellation Brands Stock Up 1.7%

NYSE:STZ opened at $148.38 on Thursday. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of -62.08, a PEG ratio of 0.44 and a beta of 0.67. Constellation Brands has a 1-year low of $144.81 and a 1-year high of $261.06. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $167.18 and its 200 day moving average price is $175.24.

Constellation Brands (NYSE:STZ) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 EPS 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 analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $3.57 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated 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 directly owned 9,438 shares of the company’s stock, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after acquiring an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Constellation Brands by 39.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company’s stock valued at $1,347,000 after buying an additional 1,733 shares during the period. AXA S.A. lifted its position in Constellation Brands by 266.5% in the 4th quarter. AXA S.A. now owns 13,551 shares of the company’s stock valued at $2,995,000 after acquiring an additional 9,854 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Constellation Brands by 57.6% in 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 stake in shares of Constellation Brands in the fourth quarter valued at approximately $341,000. 77.34% of the stock is 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.