Constellation Brands Inc (NYSE:STZ) Receives $167.53 Average Target Price from Analysts

Shares of Constellation Brands Inc (NYSE:STZ) have been assigned a consensus recommendation of “Hold” from the twenty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $167.5263.

A number of brokerages have recently issued reports on STZ. Freedom Capital lowered shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Roth Capital reiterated a “buy” rating and set a $209.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $185.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Finally, Morgan Stanley reduced their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $26,000. Stance Capital LLC acquired a new position in Constellation Brands during the third quarter worth about $26,000. Strive Financial Group LLC acquired a new position in Constellation Brands during the fourth quarter worth about $27,000. Elyxium Wealth LLC acquired a new position in Constellation Brands during the fourth quarter worth about $33,000. Finally, Root Financial Partners LLC increased its holdings in Constellation Brands by 231.3% in the first quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $134.34 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. The stock has a fifty day moving average price of $134.71 and a 200 day moving average price of $145.49. Constellation Brands has a 1-year low of $126.45 and a 1-year high of $168.60. The company has a market cap of $22.94 billion, a PE ratio of 12.82, a P/E/G ratio of 4.20 and a beta of 0.40.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio is presently 39.31%.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.