BMO Capital Markets Issues Pessimistic Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its price target lowered by investment analysts at BMO Capital Markets from $215.00 to $190.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 28.05% from the stock’s previous close.

A number of other brokerages have also issued reports on STZ. Morgan Stanley decreased their target price on shares of Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Barclays set a $202.00 price target on shares of Constellation Brands and gave the company an “overweight” rating in a research report on Thursday, June 26th. Citigroup reiterated a “negative” rating on shares of Constellation Brands in a research report on Monday, August 25th. BNP Paribas downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of Constellation Brands from $196.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.36.

Constellation Brands Trading Up 1.7%

Shares of STZ stock opened at $148.38 on Thursday. The firm has a 50 day moving average price of $167.18 and a two-hundred day moving average price of $175.24. 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 company has a market capitalization of $26.16 billion, a PE ratio of -62.08, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67. Constellation Brands has a 12-month low of $144.81 and a 12-month high of $261.06.

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

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.45% of the stock is owned by insiders.

Institutional Trading of Constellation Brands

A number of institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Constellation Brands by 39.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company’s stock valued at $1,347,000 after acquiring an additional 1,733 shares in the last quarter. AXA S.A. lifted its position in Constellation Brands by 266.5% in the 4th quarter. AXA S.A. now owns 13,551 shares of the company’s stock valued at $2,995,000 after acquiring an additional 9,854 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in Constellation Brands by 57.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,965 shares of the company’s stock valued at $434,000 after acquiring an additional 718 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Constellation Brands in the 4th quarter valued at about $341,000. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

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.