Constellation Brands Reports Fiscal Year and Fourth Quarter 2024 Financial Results and Fiscal Year 2025 Outlook

Constellation Brands (STZ) PT Raised to $308 at RBC Capital

RBC Capital analyst Nik Modi raised the price target on Constellation Brands (NYSE: STZ) to $308.00 (from $295.00) while maintaining a Outperform rating.

The analyst comments "Another strong print from STZ which only reaffirms our long-term bullishness in the company's ability to drive consistent CPG... More

Constellation Brands (STZ) PT Raised to $315 at BMO Capital

BMO Capital analyst Andrew Strelzik raised the price target on Constellation Brands (NYSE: STZ) to $315.00 (from $290.00) while maintaining a Outperform rating.

The analyst comments "STZs FY4Q24 EPS (ex-Canopy) of $2.30 (including $0.08 one-time write-off headwind) exceeded consensus of $2.11 as stronger Beer sales and lower... More

Constellation Brands (STZ) PT Raised to $264 at Deutsche Bank

Deutsche Bank analyst Steve Powers raised the price target on Constellation Brands (NYSE: STZ) to $264.00 (from $262.00) while maintaining a Hold rating.

The analyst comments "Overall, while our FY25 EPS estimate drifts higher (mainly on lower interest/taxes) our FY26 estimate falls modestly driven by... More

Constellation Brands (STZ) PT Raised to $300 at Goldman Sachs

Goldman Sachs analyst Bonnie Herzog raised the price target on Constellation Brands (NYSE: STZ) to $300.00 (from $290.00) while maintaining a Conviction Buy rating.

The analyst comments "Our View - We reiterate our Buy rating on STZ (on CL) following a strong finish to FY24 as FQ4 results surprised to the upside on higher beer sales/profits leading to an EPS beat. We came away from the quarter encouraged that: (1) total beer depletions were stronger than expected, up 8.9% in FQ4 (vs us/cons at 6.5%/6.8%) driven primarily by strength in the off-premise channel (~89% of STZ's total depletion... More

Constellation Brands (STZ) PT Raised to $310 at Evercore ISI

Evercore ISI analyst Robert Ottenstein raised the price target on Constellation Brands (NYSE: STZ) to $310.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "Were encouraged by continued momentum across the beer portfolio, as well as STZs above-Street EPS guidance for... More

Constellation Brands (STZ) PT Raised to $270 at CFRA

CFRA analyst Garrett Nelson raised the price target on Constellation Brands (NYSE: STZ) to $270.00 (from $245.00) while maintaining a Hold rating.

The analyst comments "We increase our 12-month price target by $25 to $270, based on a FY 26 (Feb.) P/E of 18.0x, a... More

Constellation Brands (STZ) tops expectations on strong beer business

Shares of Constellation Brands (NYSE: STZ) are up around 0.8% premarket Wednesday after the company reported its latest quarterly earnings.

Fourth-quarter net sales were $2.14 billion, up 7% year over year, and earnings per share were $2.26, up 14% YoY. Both metrics beat analyst consensus estimates.

The company said its beer business delivered strong sales during 2024, with operating income growth of... More