Barclays Has Lowered Expectations for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its price objective cut by Barclays from $214.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 12.97% from the stock’s current price.

A number of other analysts have also weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research note on Monday, January 27th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Stock Down 0.1 %

Shares of STZ opened at $181.46 on Thursday. The company has a market cap of $32.79 billion, a PE ratio of 48.78, a P/E/G ratio of 1.52 and a beta of 1.75. The business has a fifty day moving average of $180.58 and a 200 day moving average of $219.38. Constellation Brands has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

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

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently added to or reduced their stakes in STZ. Berkshire Hathaway Inc acquired a new stake in Constellation Brands in the fourth quarter worth about $1,242,976,000. Norges Bank purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $445,883,000. Vanguard Group Inc. boosted its position in Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock valued at $3,433,188,000 after buying an additional 1,821,969 shares during the last quarter. D1 Capital Partners L.P. boosted its position in Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company’s stock valued at $337,619,000 after buying an additional 994,639 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

About Constellation Brands

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.