Deutsche Bank Aktiengesellschaft Cuts Constellation Brands (NYSE:STZ) Price Target to $150.00

Constellation Brands (NYSE:STZGet 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

Shares of Constellation Brands stock traded up $1.66 during trading on Thursday, hitting $138.54. 151,344 shares of the stock were exchanged, compared to its average volume of 2,297,244. Constellation Brands has a 1-year low of $126.45 and a 1-year high of $178.13. The stock has a market capitalization of $23.86 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 4.10 and a beta of 0.39. The company has a fifty day moving average price of $145.47 and a 200-day moving average price of $150.16. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16.

Constellation Brands (NYSE:STZGet 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.

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About Constellation Brands

(Get Free Report)

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.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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