BNP Paribas Exane Issues Pessimistic Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its price target cut by analysts at BNP Paribas Exane from $115.00 to $110.00 in a research report issued to clients and investors on Monday. The firm currently has an “underperform” rating on the stock. BNP Paribas Exane’s price objective suggests a potential downside of 5.47% from the company’s previous close.

STZ has been the topic of a number of other research reports. Jefferies Financial Group dropped their price target on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating on the stock in a research report on Monday, September 14th. Morgan Stanley lowered their price objective on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research report on Thursday, July 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $197.00 target price (down from $305.00) on shares of Constellation Brands in a research report on Wednesday, July 1st. Wells Fargo & Company dropped their price target on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $161.67.

Constellation Brands Stock Down 0.2%

STZ stock opened at $116.37 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands has a fifty-two week low of $115.50 and a fifty-two week high of $168.60. The stock has a market capitalization of $19.87 billion, a P/E ratio of 11.09, a P/E/G ratio of 2.33 and a beta of 0.41. The business has a 50-day moving average of $129.60 and a 200-day moving average of $140.95.

Constellation Brands (NYSE:STZ) last issued its 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 firm had revenue of $2.43 billion during the quarter, compared to analyst estimates 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 business posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, sell-side analysts anticipate that Constellation Brands will post 11.84 earnings per share for the current fiscal year.

Institutional Trading of Constellation Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. Junto Capital Management LP purchased a new stake in Constellation Brands in the second quarter worth approximately $21,683,000. Engineers Gate Manager LP bought a new stake in Constellation Brands in the second quarter valued at approximately $1,645,000. Cidel Asset Management Inc. grew its holdings in shares of Constellation Brands by 12.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 1,921 shares of the company’s stock worth $267,000 after acquiring an additional 209 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Constellation Brands by 11.4% during the second quarter. Integrated Wealth Concepts LLC now owns 10,631 shares of the company’s stock valued at $1,479,000 after purchasing an additional 1,090 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Constellation Brands by 8.4% during the second quarter. NewEdge Advisors LLC now owns 33,106 shares of the company’s stock valued at $4,605,000 after purchasing an additional 2,552 shares during the last quarter. 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.