Wells Fargo Reiterates Buy Rating for Constellation Brands
Wells Fargo maintains its optimistic view on Constellation Brands with a $170 price target, a 24.71% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Constellation Brands with a $170 price target on June 29, 2026.
- Wells Fargo's $170 price target implies 24.71% upside from Constellation Brands, Inc.'s ($STZ) current $136.31 share price.
- Shares of Constellation Brands (NYSE:STZ) traded near $146.3 on Monday, with a market cap of approximately $25.09 billion.
- Recent analyst actions include TD Cowen assuming coverage with a buy rating and $174 target, and Needham reiterating a buy with a $185 target.
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Wells Fargo has reaffirmed its positive outlook on Constellation Brands, Inc. (NYSE:STZ), maintaining a buy rating with a price target of $170. This reiteration was made on June 29, 2026, by analyst Chris Carey. Shares of Constellation Brands traded around $146.3 on Monday.
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Constellation Brands, Inc. Stock Up 4.3%
Shares of Constellation Brands, Inc. were trading near $146.3 on Monday. The company, which operates in the consumer defensive sector, specifically in beverages, has a market cap of about $25.09 billion. It currently has a P/E ratio of 15.2 and a forward P/E of 11.8, with a relatively low beta of 0.384, indicating less volatility compared to the market. The stock's 52-week range spans from $126.45 to $178.14, with a 50-day moving average of $147.07 and a 200-day moving average of $145.86. The company's current ratio is 1.08, and its quick ratio is 0.39, with a debt-to-equity ratio of 133.57.
$STZ price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, Constellation Brands recorded revenue of approximately $9.14 billion, though this reflected a decrease of 11.3% compared to the previous period. The company posted an earnings per share (EPS) of $9.61. Its net margin stands at 18.5%, and it has a return on equity (ROE) of 22.6%. The next earnings announcement is expected on June 30, 2026.
Dividend
Constellation Brands offers an annual dividend rate of $4.12, yielding 2.82% based on its current stock price. The dividend payout ratio is 42.46%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Constellation Brands, Inc.
Recent insider transactions at Constellation Brands include a purchase by Edith Morgan Flatley on May 20, 2026, of 187 shares. On the selling side, James Bourdeau, EVP and Senior Advisor, sold 4,407 shares at an average price of $143.24 on May 12, 2026, and Jeffrey LaBarge, EVP, CLO, & Secretary, sold 507 shares at $152.82 on May 1, 2026.
Analysts Set New Price Targets
On June 29, 2026, Wells Fargo maintained its buy rating for Constellation Brands with a $170 price target. Other recent analyst actions include TD Cowen assuming coverage on June 26, 2026, with a buy rating and a $174 target, and Needham reiterating a buy rating with a $185 target on the same day. The consensus among analysts is a buy, with a mean target price of $175.59 based on 22 opinions.
About Constellation Brands, Inc.
Constellation Brands, Inc., headquartered in Rochester, New York, is a leading producer and marketer of beer, wine, and spirits. The company offers a wide range of products under well-known brands like Corona, Modelo, and Robert Mondavi. With operations in the United States, Canada, Mexico, New Zealand, and Italy, Constellation Brands serves wholesale distributors, retailers, and state agencies. Founded in 1945, the company is led by CEO Nicholas Ian Fink and employs approximately 9,400 people.
Bottom Line
Wells Fargo's reaffirmation of its buy rating for Constellation Brands reflects continued confidence in the company's prospects. Investors often track these analyst updates for insights into potential stock movements. However, it's important to remember that these ratings are based on past and current data, and the stock's future performance may vary.
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