Constellation Brands (NYSE:STZ – Get Free Report) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $155.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 8.27% from the company’s previous close.
Several other research analysts have also recently weighed in on STZ. Evercore set a $175.00 price target on shares of Constellation Brands and gave the company an “outperform” rating in a report on Friday, April 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Constellation Brands in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday. Finally, Bank of America dropped their price objective on Constellation Brands from $154.00 to $152.00 and set an “underperform” rating for the company in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.63.
Get Our Latest Stock Analysis on STZ
Constellation Brands Stock Performance
Constellation Brands (NYSE:STZ – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.26). Constellation Brands had a return on equity of 25.97% and a net margin of 18.87%.The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $3.22 EPS. Constellation Brands’s quarterly 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. As a group, equities analysts predict that Constellation Brands will post 11.78 EPS for the current fiscal year.
Insider Activity
In related news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Constellation Brands
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in Constellation Brands during the 4th quarter valued at $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands in the third quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $27,000. GoalVest Advisory LLC acquired a new position in Constellation Brands during the fourth quarter worth $28,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Constellation Brands during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Trending Headlines about Constellation Brands
Here are the key news stories impacting Constellation Brands this week:
- Positive Sentiment: Constellation Brands beat Q1 earnings and revenue estimates, with beer strength and pricing gains helping offset softer sales trends. Constellation Brands (STZ) Q1 Earnings and Revenues Surpass Estimates
- Positive Sentiment: The company reaffirmed its fiscal 2027 guidance, which reassured investors that management still expects the business to perform despite a tougher consumer backdrop. Constellation Brands Analysts Slash Their Forecasts After Q1 Results
- Neutral Sentiment: Constellation Brands declared a quarterly dividend of $1.03 per share, keeping income investors engaged but not changing the operating outlook. Constellation Brands declares $1.03 dividend
- Neutral Sentiment: Management also pointed to softer volume trends and pressure from higher gas prices and inflation, suggesting consumer demand could remain uneven. Constellation Brands beats quarterly profit estimates on beer demand
- Negative Sentiment: Analysts at Barclays and Morgan Stanley cut price targets, reflecting more cautious views on valuation and near-term upside. Constellation Brands analyst price target changes
About Constellation Brands
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.
Further Reading
- Five stocks we like better than Constellation Brands
- Agility Robotics’ SPAC Deal Opens a Rare Door Into Humanoid AI
- SMRs Spark a Chain Reaction for Nano Nuclear
- Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
- Tesla Stock Surges 15% as FSD Update Backs Its Autonomy Thesis
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.
