Constellation Brands (NYSE:STZ) Rating Lowered to Strong Sell at Zacks Research

Constellation Brands (NYSE:STZ) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC decreased their price target on Constellation Brands from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. UBS Group boosted their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Cowen reiterated a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. Piper Sandler boosted their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Finally, Jefferies Financial Group decreased their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $194.36.

Constellation Brands Price Performance

NYSE:STZ opened at $143.00 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business’s 50-day simple moving average is $165.82 and its two-hundred day simple moving average is $174.65. The stock has a market cap of $25.21 billion, a PE ratio of -59.83, a P/E/G ratio of 0.44 and a beta of 0.67. Constellation Brands has a 52 week low of $142.51 and a 52 week high of $261.06.

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

Insiders Place Their Bets

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 12.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Several large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its stake in shares of Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock valued at $560,000 after buying an additional 815 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company’s stock valued at $405,000 after buying an additional 1,274 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Constellation Brands by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company’s stock valued at $1,351,000 after buying an additional 1,651 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Constellation Brands by 7.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock valued at $3,180,000 after buying an additional 1,185 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock valued at $412,000 after buying an additional 65 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

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.