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

Constellation Brands (NYSE:STZ) had its target price lowered by BMO Capital Markets from $215.00 to $190.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 28.05% from the company’s current price.

A number of other research firms have also recently issued reports on STZ. Piper Sandler increased their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. Wall Street Zen upgraded Constellation Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Morgan Stanley lowered their target price on Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating for the company in a report on Wednesday. Jefferies Financial Group lowered their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Citigroup reiterated a “negative” rating on shares of Constellation Brands in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.36.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $148.38 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands has a 52 week low of $144.81 and a 52 week high of $261.06. The firm has a fifty day moving average of $167.18 and a two-hundred day moving average of $175.24. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of -62.08, a PEG ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company earned $3.57 EPS. Constellation Brands’s quarterly 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, equities research analysts predict that Constellation Brands will post 13.5 EPS for the current year.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 821 shares of Constellation Brands stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.45% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of STZ. Vanguard Group Inc. grew its holdings in Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock worth $3,379,999,000 after purchasing an additional 2,882,817 shares during the period. Wellington Management Group LLP grew its holdings in Constellation Brands by 127.9% during the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock worth $822,314,000 after purchasing an additional 2,514,517 shares during the period. Ameriprise Financial Inc. grew its holdings in Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after purchasing an additional 1,533,961 shares during the period. Norges Bank bought a new position in Constellation Brands during the second quarter worth about $239,737,000. Finally, Berkshire Hathaway Inc grew its holdings in Constellation Brands by 11.6% during the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after purchasing an additional 1,391,000 shares during the period. Institutional investors own 77.34% of the company’s stock.

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.