Constellation Brands (NYSE:STZ) Raised to Buy at Citigroup

Constellation Brands (NYSE:STZ) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $175.00 price objective on the stock, up from their prior price objective of $155.00. Citigroup’s price target suggests a potential upside of 15.02% from the stock’s current price.

STZ has been the subject of several other research reports. Barclays lifted their target price on shares of Constellation Brands from $147.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Monday, December 15th. UBS Group set a $168.00 price objective on shares of Constellation Brands in a report on Friday, January 9th. Sanford C. Bernstein boosted their target price on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Finally, Wells Fargo & Company set a $165.00 target price on Constellation Brands in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.82.

Constellation Brands Stock Up 0.0%

Shares of NYSE STZ opened at $152.15 on Wednesday. Constellation Brands has a one year low of $126.45 and a one year high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The business’s fifty day moving average price is $156.11 and its 200-day moving average price is $144.38. The stock has a market capitalization of $26.38 billion, a PE ratio of 24.00, a P/E/G ratio of 0.42 and a beta of 0.44.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $3.25 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. On average, equities research analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STZ. Oppenheimer Asset Management Inc. grew its holdings in shares of Constellation Brands by 329.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock worth $9,874,000 after acquiring an additional 56,263 shares during the period. Matrix Asset Advisors Inc. NY purchased a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $5,236,000. Bayforest Capital Ltd lifted its stake in shares of Constellation Brands by 5,810.2% in the 3rd quarter. Bayforest Capital Ltd now owns 6,974 shares of the company’s stock valued at $939,000 after purchasing an additional 6,856 shares during the period. Inceptionr LLC boosted its position in shares of Constellation Brands by 125.2% during the second quarter. Inceptionr LLC now owns 10,718 shares of the company’s stock valued at $1,744,000 after purchasing an additional 5,958 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of Constellation Brands during the second quarter valued at approximately $2,057,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.