Molson Coors Brewing Co (NYSE:TAP) has been assigned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $96.88.
TAP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, January 2nd. Stifel Nicolaus restated a “buy” rating and issued a $116.00 target price on shares of Molson Coors Brewing in a research note on Friday, December 22nd. Citigroup dropped their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Morgan Stanley initiated coverage on shares of Molson Coors Brewing in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 target price on the stock. Finally, Deutsche Bank initiated coverage on shares of Molson Coors Brewing in a research note on Wednesday, December 13th. They issued a “buy” rating and a $89.00 target price on the stock.
In other news, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares in the company, valued at $1,807,706.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the transaction, the chairman now owns 319,222 shares in the company, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAP. Dupont Capital Management Corp bought a new position in shares of Molson Coors Brewing during the third quarter valued at approximately $103,000. Cerebellum GP LLC bought a new position in shares of Molson Coors Brewing during the fourth quarter valued at approximately $129,000. Meeder Asset Management Inc. bought a new position in shares of Molson Coors Brewing during the third quarter valued at approximately $138,000. Valeo Financial Advisors LLC boosted its stake in shares of Molson Coors Brewing by 58.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after purchasing an additional 686 shares in the last quarter. Finally, WealthPLAN Partners LLC purchased a new stake in Molson Coors Brewing during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.05% of the company’s stock.
Shares of Molson Coors Brewing (TAP) traded down $1.75 during trading hours on Tuesday, reaching $79.75. 1,690,000 shares of the company traded hands, compared to its average volume of 1,560,000. The company has a market cap of $18,400.00, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. Molson Coors Brewing has a one year low of $72.71 and a one year high of $102.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.47.
Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, February 14th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.60 billion. Molson Coors Brewing had a net margin of 10.34% and a return on equity of 7.55%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. analysts predict that Molson Coors Brewing will post 5.12 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/21/analysts-set-molson-coors-brewing-co-tap-target-price-at-96-94.html.
Molson Coors Brewing Company Profile
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.