A share price of Molson Coors Beverage Company [TAP] is currently trading at $61.40, down -0.58%. 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 0.24% over the last week, with a monthly amount glided 9.68%, 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 25, 2024, when Exane BNP Paribas initiated its Neutral rating and assigned the stock a price target of $64. Previously, Wells Fargo upgraded its rating to Overweight on November 08, 2024, and elevated its price target to $74. On October 08, 2024, TD Cowen reiterated its Hold rating and revised its price target to $56 on the stock. TD Cowen downgraded its rating to a Hold and decreased its price target to $58 on August 07, 2024. Barclays downgraded its rating to a Underweight and reduced its price target to $47 on July 18, 2024. Citigroup downgraded its rating to Sell for this stock on April 24, 2024, and downed its price target to $56. In a note dated April 09, 2024, Goldman upgraded an Buy rating on this stock and boosted its target price from $66 to $75.
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 $60.25 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $61.40 at the most recent close of the market. An investor can expect a potential drop of -1.87% based on the average TAP price forecast.
Analyzing the TAP fundamentals
Trailing Twelve Months sales for Molson Coors Beverage Company [NYSE:TAP] were 11.68B which represents -7.75% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 61.06 points at the first support level, and at 60.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.93, and for the 2nd resistance point, it is at 62.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Molson Coors Beverage Company [NYSE:TAP] is 0.99. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 13.85.
Transactions by insiders
Recent insider trading involved Joubert Tracey, Chief Financial Officer, that happened on Feb 12 ’24 when 2771.0 shares were sold.
