At the time of writing, Molson Coors Beverage Company [TAP] stock is trading at $62.42, down -0.49%. 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 4.80% over the last week, with a monthly amount glided 11.36%, 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 November 08, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $74 from $52. Previously, TD Cowen reaffirmed its Hold rating on October 08, 2024, and dropped its price target to $56. On August 07, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $58 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $47 on July 18, 2024. Citigroup downgraded its rating to a Sell and reduced its price target to $56 on April 24, 2024. Goldman upgraded its rating to Buy for this stock on April 09, 2024, and upped its price target to $75. In a note dated March 22, 2024, Piper Sandler initiated an Neutral rating and provided a target price of $69 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 $62.45 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $62.42 at the most recent close of the market. An investor can expect a potential return of 0.05% based on the average TAP price forecast.
Analyzing the TAP fundamentals
According to Molson Coors Beverage Company [NYSE:TAP], the company’s sales were 11.68B for trailing twelve months, which represents an -7.75% plunge. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.13%, 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 of0.47.
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 61.87 points at the first support level, and at 61.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.98, and for the 2nd resistance point, it is at 63.54.
Ratios To Look Out For
It is important to note that Molson Coors Beverage Company [NYSE:TAP] has a current ratio of 0.99. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 14.08.
Transactions by insiders
Recent insider trading involved Joubert Tracey, Chief Financial Officer, that happened on Feb 12 ’24 when 2771.0 shares were sold.
