A share price of Molson Coors Beverage Company [TAP] is currently trading at $57.52, up 1.21%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TAP shares have gain 4.47% over the last week, with a monthly amount glided 7.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Molson Coors Beverage Company [NYSE: TAP] stock has seen the most recent analyst activity on August 07, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $58 from $68. Previously, Barclays downgraded its rating to Underweight on July 18, 2024, and dropped its price target to $47. On April 24, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $56 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $75 on April 09, 2024. Piper Sandler initiated its recommendation with a Neutral and recommended $69 as its price target on March 22, 2024. HSBC Securities started tracking with a Hold rating for this stock on November 30, 2023, and assigned it a price target of $68. In a note dated November 13, 2023, Jefferies initiated an Hold rating and provided a target price of $62 on this stock.
Molson Coors Beverage Company experienced fluctuations in its stock price throughout the past year between $49.19 and $69.18. Currently, Wall Street analysts expect the stock to reach $61.3 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $57.52 at the most recent close of the market. An investor can expect a potential return of 6.57% based on the average TAP price forecast.
Analyzing the TAP fundamentals
Trailing Twelve Months sales for Molson Coors Beverage Company [NYSE:TAP] were 11.94B which represents -0.44% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 56.67 points at the first support level, and at 55.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.10, and for the 2nd resistance point, it is at 58.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Molson Coors Beverage Company [NYSE:TAP] is 0.95. Further, the Quick Ratio stands at 0.75, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 10.55.
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.
