TD Cowen Cuts Constellation Brands (NYSE:STZ) Price Target to $152.00

Constellation Brands (NYSE:STZ) had its price target reduced by equities researchers at TD Cowen from $180.00 to $152.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 2.44% from the company’s current price.

A number of other equities research analysts have also recently issued reports on STZ. Jefferies Financial Group dropped their price target on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler lifted their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Roth Capital reissued a “buy” rating and issued a $209.00 price target (down previously from $239.00) on shares of Constellation Brands in a research note on Wednesday. Raymond James Financial raised shares of Constellation Brands to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Citigroup reaffirmed a “negative” rating on shares of Constellation Brands in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.36.

Constellation Brands Price Performance

Constellation Brands stock opened at $148.38 on Thursday. The company’s fifty day moving average price is $167.18 and its 200 day moving average price is $175.24. Constellation Brands has a 1 year low of $144.81 and a 1 year high of $261.06. The stock has a market capitalization of $26.16 billion, a P/E ratio of -62.08, a P/E/G ratio of 0.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $3.57 EPS. Constellation Brands’s revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities research analysts anticipate that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Gilbert & Cook Inc. boosted its position in shares of Constellation Brands by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after acquiring an additional 60 shares during the last quarter. Piscataqua Savings Bank lifted its position in Constellation Brands by 1.7% in the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company’s stock valued at $683,000 after buying an additional 62 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company’s stock valued at $207,000 after buying an additional 62 shares during the last quarter. World Investment Advisors lifted its position in Constellation Brands by 1.7% in the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock valued at $698,000 after buying an additional 62 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock valued at $274,000 after buying an additional 62 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.