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

Constellation Brands (NYSE:STZ) had its price target lowered by analysts at Barclays from $214.00 to $205.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 13.01% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Truist Financial cut their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Evercore ISI lowered their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.81.

Constellation Brands Stock Performance

Shares of STZ traded down $2.44 during midday trading on Thursday, hitting $181.41. 2,362,046 shares of the stock traded hands, compared to its average volume of 1,538,103. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $274.87. The business’s 50 day moving average price is $182.22 and its two-hundred day moving average price is $220.07. The firm has a market capitalization of $32.79 billion, a PE ratio of 48.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

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

Insider Buying and Selling

In other news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC bought a new position in Constellation Brands during the fourth quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the 4th quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

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.