Constellation Brands (NYSE:STZ) Price Target Lowered to $135.00 at Jefferies Financial Group

Constellation Brands (NYSE:STZ) had its price objective lowered by equities research analysts at Jefferies Financial Group from $147.00 to $135.00 in a note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 8.88% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Morgan Stanley decreased their price objective on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.37.

Constellation Brands Stock Performance

Constellation Brands stock traded up $1.54 during mid-day trading on Monday, hitting $123.99. 1,166,144 shares of the company’s stock traded hands, compared to its average volume of 2,217,273. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. Constellation Brands has a one year low of $120.25 and a one year high of $168.60. The firm has a 50 day moving average price of $131.41 and a 200 day moving average price of $142.88. The company has a market cap of $21.17 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.41.

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

Hedge Funds Weigh In On Constellation Brands

A number of institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in Constellation Brands by 14,134.2% during the 2nd quarter. California State Teachers Retirement System now owns 34,381,935 shares of the company’s stock worth $4,782,183,000 after buying an additional 34,140,390 shares during the period. Capital International Investors increased its position in shares of Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after acquiring an additional 2,105,546 shares in the last quarter. Norges Bank purchased a new position in shares of Constellation Brands in the fourth quarter worth approximately $267,798,000. Ameriprise Financial Inc. raised its holdings in shares of Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after acquiring an additional 1,533,961 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Constellation Brands by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock valued at $830,333,000 after acquiring an additional 739,393 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

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.