Barclays Lowers Constellation Brands (NYSE:STZ) Price Target to $214.00

Constellation Brands (NYSE:STZ) had its target price cut by research analysts at Barclays from $282.00 to $214.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 18.35% from the company’s current price.

A number of other research analysts have also weighed in on the company. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price target on the stock. Truist Financial reduced their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. Needham & Company LLC restated a “buy” rating and issued a $280.00 price target on shares of Constellation Brands in a report on Friday, January 10th. Roth Mkm reiterated a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. Finally, Piper Sandler lowered their target price on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a report on Monday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.40.

Constellation Brands Stock Down 0.8 %

STZ opened at $180.82 on Tuesday. The firm has a market cap of $32.83 billion, a P/E ratio of 58.52, a PEG ratio of 1.69 and a beta of 1.75. The business’s fifty day simple moving average is $229.71 and its 200 day simple moving average is $240.26. Constellation Brands has a 52 week low of $176.51 and a 52 week high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. As a group, equities research analysts anticipate that Constellation Brands will post 13.57 EPS for the current fiscal year.

Insider Activity at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,172 shares of company stock worth $16,778,841. 12.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Constellation Brands

Institutional investors have recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its position in shares of Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after acquiring an additional 42 shares during the last quarter. PFG Investments LLC grew its stake in Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares in the last quarter. Brighton Jones LLC raised its position in shares of Constellation Brands by 4.7% in the 2nd quarter. Brighton Jones LLC now owns 950 shares of the company’s stock valued at $244,000 after purchasing an additional 43 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after buying an additional 46 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Constellation Brands by 6.2% during the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.