Constellation Brands (NYSE:STZ) Given New $133.00 Price Target at JPMorgan Chase & Co.

Constellation Brands (NYSE:STZ) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $165.00 to $133.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.74% from the stock’s current price.

Several other analysts have also recently issued reports on STZ. Barclays decreased their target price on shares of Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler reissued a “neutral” rating and issued a $160.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. Morgan Stanley dropped their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Finally, Bank of America reduced their target price on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $160.14.

Constellation Brands Stock Performance

Constellation Brands stock traded down $0.28 during mid-day trading on Friday, reaching $113.93. 102,498 shares of the stock traded hands, compared to its average volume of 2,227,017. Constellation Brands has a 12-month low of $113.33 and a 12-month high of $168.60. The stock has a market capitalization of $19.46 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The business’s 50-day moving average is $129.18 and its 200-day moving average is $140.72.

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

Hedge Funds Weigh In On Constellation Brands

A number of institutional investors and hedge funds have recently bought and sold shares of STZ. Junto Capital Management LP purchased a new position in shares of Constellation Brands in the second quarter valued at approximately $21,683,000. Engineers Gate Manager LP acquired a new position in shares of Constellation Brands during the 2nd quarter worth about $1,645,000. Cidel Asset Management Inc. increased its stake in Constellation Brands by 12.2% in the second quarter. Cidel Asset Management Inc. now owns 1,921 shares of the company’s stock valued at $267,000 after purchasing an additional 209 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Constellation Brands by 11.4% during the 2nd 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 increased its position in shares of Constellation Brands by 8.4% during the second quarter. NewEdge Advisors LLC now owns 33,106 shares of the company’s stock worth $4,605,000 after purchasing an additional 2,552 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands News Roundup

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

About Constellation Brands

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.