TD Cowen Lowers Constellation Brands (NYSE:STZ) Price Target to $152.00

Constellation Brands (NYSE:STZ) had its price target cut by equities research analysts at TD Cowen from $180.00 to $152.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential upside of 3.75% from the stock’s previous close.

A number of other brokerages have also recently commented on STZ. The Goldman Sachs Group lowered their price target on Constellation Brands from $225.00 to $196.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Wells Fargo & Company reduced their price objective on Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group lifted their price objective on Constellation Brands from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.17.

Constellation Brands Stock Performance

Shares of STZ opened at $146.51 on Thursday. The stock has a 50-day moving average of $167.74 and a two-hundred day moving average of $175.50. Constellation Brands has a one year low of $146.32 and a one year high of $261.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market cap of $25.83 billion, a P/E ratio of -61.30, a P/E/G ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last issued its quarterly 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 firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm posted $3.57 EPS. The business’s revenue 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. As a group, research analysts predict that Constellation Brands will post 13.5 EPS for the current year.

Insider Transactions at Constellation Brands

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 value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.45% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Constellation Brands by 36.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock worth $560,000 after purchasing an additional 815 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Constellation Brands by 137.0% in the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company’s stock valued at $405,000 after purchasing an additional 1,274 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Constellation Brands by 28.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company’s stock valued at $1,351,000 after purchasing an additional 1,651 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Constellation Brands by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock valued at $3,180,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Constellation Brands by 3.0% in the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock valued at $412,000 after purchasing an additional 65 shares during the last quarter. 77.34% of the stock is currently 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.