BNP Paribas Exane Has Lowered Expectations for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its price target lowered by equities research analysts at BNP Paribas Exane from $115.00 to $110.00 in a report released on Monday. The brokerage currently has an “underperform” rating on the stock. BNP Paribas Exane’s price objective suggests a potential downside of 5.16% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Jefferies Financial Group reduced their price objective on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, September 14th. Wells Fargo & Company lowered their target price on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $197.00 price objective (down from $305.00) on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.67.

Constellation Brands Stock Down 0.5%

Shares of NYSE:STZ opened at $115.98 on Monday. The company has a 50 day moving average price of $129.60 and a two-hundred day moving average price of $140.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The company has a market capitalization of $19.81 billion, a PE ratio of 11.07, a PEG ratio of 2.33 and a beta of 0.41. Constellation Brands has a 52 week low of $115.50 and a 52 week high of $168.60.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts forecast that Constellation Brands will post 11.84 earnings per share for the current year.

Hedge Funds Weigh In On Constellation Brands

Hedge funds have recently bought and sold shares of the business. Capital International Investors grew its position in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares in the last quarter. Norges Bank acquired a new stake in Constellation Brands during the fourth quarter worth approximately $267,798,000. Nykredit A S bought a new position in Constellation Brands during the 2nd quarter worth $83,687,000. Capital World Investors raised its holdings in Constellation Brands by 8.3% in the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock valued at $998,740,000 after acquiring an additional 553,974 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Constellation Brands by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company’s stock valued at $330,728,000 after acquiring an additional 237,073 shares during the period. 77.34% of the stock is owned by institutional investors.

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.