Constellation Brands (NYSE:STZ) Rating Lowered to “Neutral” at Citigroup

Constellation Brands (NYSE:STZ) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $200.00 price objective on the stock, down from their prior price objective of $260.00. Citigroup’s target price indicates a potential upside of 12.53% from the stock’s current price.

Several other equities analysts also recently weighed in on STZ. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. BNP Paribas initiated coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective on the stock. Truist Financial reduced their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. UBS Group lowered their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and a consensus price target of $250.41.

Constellation Brands Stock Down 0.6 %

STZ stock opened at $177.73 on Thursday. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 47.78, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The business’s 50-day moving average is $177.32 and its two-hundred day moving average is $217.28. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $3.19 EPS. As a group, analysts forecast that Constellation Brands will post 13.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.19% of the stock is currently owned by insiders.

Institutional Trading of Constellation Brands

Institutional investors have recently bought and sold shares of the stock. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands in the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at approximately $29,000. 77.34% of the stock is currently owned by institutional investors.

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.