JPMorgan Chase & Co. Cuts Constellation Brands (NYSE:STZ) Price Target to $133.00

Constellation Brands (NYSE:STZ) had its price objective reduced by analysts at JPMorgan Chase & Co. from $165.00 to $133.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 16.74% from the company’s current price.

Several other research firms have also commented on STZ. Evercore set a $160.00 price target on shares of Constellation Brands in a research report on Monday. Jefferies Financial Group cut their target price on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, September 14th. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Morgan Stanley lowered their price target on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.14.

Constellation Brands Price Performance

STZ stock traded down $0.28 on Friday, reaching $113.93. 102,498 shares of the company’s stock were exchanged, compared to its average volume of 2,227,017. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. Constellation Brands has a twelve month low of $113.33 and a twelve month high of $168.60. The firm has a market cap of $19.46 billion, a PE ratio of 10.86, a P/E/G ratio of 2.33 and a beta of 0.41. The stock has a fifty day moving average of $129.18 and a 200-day moving average of $140.72.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $3.22 EPS. 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 11.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after acquiring an additional 2,105,546 shares during the last quarter. Norges Bank acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $267,798,000. Nykredit A S acquired a new stake in Constellation Brands during the 2nd quarter valued at approximately $83,687,000. Capital World Investors increased its holdings in Constellation Brands by 8.3% during the 4th quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after purchasing an additional 553,974 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Constellation Brands by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company’s stock worth $330,728,000 after purchasing an additional 237,073 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands News Summary

Here are the key news stories impacting Constellation Brands this week:

• Neutral Sentiment: Constellation Brands is scheduled to report fiscal second-quarter results after the market closes on October 6. Analysts expect earnings per share of approximately $3.56, down from the prior-year period, while revenue is projected to increase to about $2.54 billion. The mixed outlook leaves investors focused on beer trends, margins and management guidance. Benzinga earnings preview
• Neutral Sentiment: City Brewing appointed David Klein to its board. The announcement may attract attention because of Klein’s beverage-industry experience, but it does not disclose a new agreement, investment or operating change involving Constellation Brands. City Brewing board appointment
• Negative Sentiment: UBS Group lowered its price target for Constellation Brands, adding to a series of cautious analyst actions and reinforcing concerns about the company’s near-term growth outlook. UBS price-target cut
• Negative Sentiment: BNP Paribas Exane cut its price target from $115 to $110 and maintained an “underperform” rating, implying additional downside from recent trading levels. Constellation Brands premarket report
• Negative Sentiment: Barclays also lowered its expectations for STZ, while the stock was reported heading into the open after weakening. The clustered price-target reductions suggest analysts are becoming more conservative ahead of the October earnings release. Barclays expectations

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.