Barclays Reiterates Equal Weight Rating for Constellation Brands (NYSE:STZ)

Constellation Brands (NYSE:STZ)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a research report issued on Friday, Marketbeat reports. They currently have a $150.00 price objective on the stock, down from their prior price objective of $202.00. Barclays‘s price target points to a potential upside of 7.51% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Bank of America dropped their price objective on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. BNP Paribas Exane cut Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price objective on the stock. in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. TD Cowen dropped their price objective on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report on Thursday, September 4th. Finally, Morgan Stanley dropped their price objective on Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $192.28.

Constellation Brands Trading Down 2.4%

NYSE STZ opened at $139.52 on Friday. Constellation Brands has a 12 month low of $139.45 and a 12 month high of $261.06. The stock has a market cap of $24.60 billion, a P/E ratio of -58.38, a P/E/G ratio of 0.43 and a beta of 0.67. The stock’s fifty day moving average price is $164.56 and its 200-day moving average price is $174.11. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ) last released 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 positive return on equity of 31.41% and a negative net margin of 4.11%.The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company posted $3.57 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities analysts forecast that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Activity 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 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 owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Gilbert & Cook Inc. increased its holdings in shares of Constellation Brands by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after purchasing an additional 60 shares during the period. Piscataqua Savings Bank boosted its stake in shares of Constellation Brands by 1.7% in the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company’s stock worth $683,000 after buying an additional 62 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock worth $207,000 after buying an additional 62 shares during the last quarter. World Investment Advisors boosted its stake in shares of Constellation Brands by 1.7% in the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after buying an additional 62 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after buying an additional 62 shares during the last quarter. Institutional investors 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.