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

Constellation Brands (NYSE:STZ) had its price objective decreased by BNP Paribas Exane from $115.00 to $110.00 in a research note issued to investors on Monday. The brokerage presently has an “underperform” rating on the stock. BNP Paribas Exane’s price objective would suggest a potential downside of 5.47% from the stock’s previous close.

Other research analysts have also issued reports about the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $197.00 price target (down from $305.00) on shares of Constellation Brands in a research report on Wednesday, July 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. UBS Group dropped their target price on Constellation Brands from $168.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Evercore set a $160.00 price objective on shares of Constellation Brands in a research note on Monday. 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. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and an average price target of $161.67.

Constellation Brands Stock Down 0.2%

Shares of STZ stock opened at $116.37 on Monday. The company’s fifty day simple moving average is $129.60 and its two-hundred day simple moving average is $140.95. Constellation Brands has a 52 week low of $115.50 and a 52 week high of $168.60. The stock has a market cap of $19.87 billion, a P/E ratio of 11.09, a PEG ratio of 2.33 and a beta of 0.41. 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 (NYSE:STZ) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $3.22 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts predict that Constellation Brands will post 11.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently modified their holdings of the stock. Ally Financial Inc. acquired a new position in Constellation Brands during the second quarter worth $1,600,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $31,582,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Constellation Brands by 12.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 362,808 shares of the company’s stock worth $50,053,000 after purchasing an additional 38,959 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Constellation Brands by 1,613.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company’s stock valued at $3,883,000 after buying an additional 26,286 shares in the last quarter. Finally, CORDA Investment Management LLC. grew its holdings in Constellation Brands by 12.6% during the 1st quarter. CORDA Investment Management LLC. now owns 140,050 shares of the company’s stock valued at $21,008,000 after buying an additional 15,694 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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.