At the time of writing, Molson Coors Beverage Company [TAP] stock is trading at $64.02, up 1.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TAP shares have gain 2.56% over the last week, with a monthly amount glided 4.45%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, MOLSON COORS ANNOUNCES LEADERSHIP TRANSITION IN CANADA. In a post published today on Yahoo Finance, Chantalle Butler promoted to President, Molson Coors Canada, as Frederic Landtmeters chooses to leave the business in April.
From an analyst’s perspective:
Molson Coors Beverage Company [NYSE: TAP] stock has seen the most recent analyst activity on November 30, 2023, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $68. Previously, Jefferies started tracking the stock with Hold rating on November 13, 2023, and set its price target to $62. On November 03, 2023, upgrade upgraded it’s rating to Hold and revised its price target to $58 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $68 on June 06, 2023. JP Morgan upgraded its rating to a Neutral and raised its price target to $64 on May 03, 2023. JP Morgan reiterated a Underweight rating for this stock on April 21, 2023, and upped its price target to $59. In a note dated February 17, 2023, Citigroup initiated an Neutral rating and provided a target price of $55 on this stock.
For the past year, the stock price of Molson Coors Beverage Company fluctuated between $49.32 and $70.90. Currently, Wall Street analysts expect the stock to reach $60.75 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $64.02 at the most recent close of the market. An investor can expect a potential drop of -5.11% based on the average TAP price forecast.
Analyzing the TAP fundamentals
According to Molson Coors Beverage Company [NYSE:TAP], the company’s sales were 11.70B for trailing twelve months, which represents an 6.13% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.16 points at the first support level, and at 62.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.49, and for the 2nd resistance point, it is at 64.96.
Molson Coors Beverage Company [TAP] reported earnings per share of $1.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.12/share, meaning a difference of $0.07 and a surprise factor of 6.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.92 per share as compared to estimates of $1.57 per share, a difference of $0.35 representing a surprise of 22.30%.
Ratios To Look Out For
It is important to note that Molson Coors Beverage Company [NYSE:TAP] has a current ratio of 0.70. In addition, the Quick Ratio stands at 0.50 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 14.68.
Transactions by insiders
Recent insider trading involved Joubert Tracey, Chief Financial Officer, that happened on Feb 12 ’24 when 2771.0 shares were sold. Director, Winnefeld James A Jr completed a deal on Nov 03 ’23 to buy 100.0 shares. Meanwhile, Director Winnefeld James A Jr bought 100.0 shares on Aug 03 ’23.
