At the time of writing, Molson Coors Beverage Company [TAP] stock is trading at $55.87, up 0.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TAP shares have gain 2.53% over the last week, with a monthly amount glided 1.47%, 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 October 08, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $56 from $58. Previously, TD Cowen downgraded its rating to Hold on August 07, 2024, and dropped its price target to $58. On July 18, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $47 on the stock. Citigroup downgraded its rating to a Sell and decreased its price target to $56 on April 24, 2024. Goldman upgraded its rating to a Buy and raised its price target to $75 on April 09, 2024. Piper Sandler started tracking with a Neutral rating for this stock on March 22, 2024, and assigned it a price target of $69. In a note dated November 30, 2023, HSBC Securities initiated an Hold rating and provided a target price of $68 on this stock.
For the past year, the stock price of Molson Coors Beverage Company fluctuated 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 $55.87 at the most recent close of the market. An investor can expect a potential return of 9.72% based on the average TAP price forecast.
Analyzing the TAP fundamentals
According to Molson Coors Beverage Company [NYSE:TAP], the company’s sales were 11.94B for trailing twelve months, which represents an -0.44% plunge. 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 55.33 points at the first support level, and at 54.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.29, and for the 2nd resistance point, it is at 56.70.
Ratios To Look Out For
It is important to note that Molson Coors Beverage Company [NYSE:TAP] has a current ratio of 0.95. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 10.25.
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.
