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

Constellation Brands (NYSE:STZ) had its price target reduced by research analysts at UBS Group from $168.00 to $145.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 23.44% from the company’s current price.

Several other research firms have also recently commented on STZ. Freedom Capital cut shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays reduced their price target on Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Evercore set a $160.00 price objective on Constellation Brands in a research report on Monday. Morgan Stanley decreased their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Finally, Bank of America cut their price objective on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a report on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and an average price target of $161.90.

Constellation Brands Price Performance

NYSE:STZ opened at $117.46 on Wednesday. Constellation Brands has a 12-month low of $116.93 and a 12-month high of $168.60. The firm has a market cap of $20.06 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.41. The company’s 50-day moving average is $129.90 and its two-hundred day moving average is $141.17. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06.

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

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently added to or reduced their stakes in STZ. Junto Capital Management LP purchased a new position in Constellation Brands in the 2nd quarter valued at about $21,683,000. Engineers Gate Manager LP purchased a new stake in shares of Constellation Brands during the second quarter worth about $1,645,000. Cidel Asset Management Inc. lifted its stake in shares of Constellation Brands by 12.2% in the second quarter. Cidel Asset Management Inc. now owns 1,921 shares of the company’s stock worth $267,000 after acquiring an additional 209 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Constellation Brands by 11.4% in the second quarter. Integrated Wealth Concepts LLC now owns 10,631 shares of the company’s stock worth $1,479,000 after acquiring an additional 1,090 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Constellation Brands by 8.4% in the second quarter. NewEdge Advisors LLC now owns 33,106 shares of the company’s stock valued at $4,605,000 after purchasing an additional 2,552 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Company Profile

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.