Molson Coors Beverage Company (TAP) Stock Short-term Performance Analysis

Molson Coors Beverage Company [TAP] stock is trading at $58.65, up 0.57%. 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 lost -3.76% over the last week, with a monthly amount drifted -3.54%, and not 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 December 06, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $70 from $57. Previously, Needham started tracking the stock with Buy rating on December 06, 2024, and set its price target to $72. On November 25, 2024, Exane BNP Paribas initiated with a Neutral rating and assigned a price target of $64 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $74 on November 08, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $56 on October 08, 2024. TD Cowen downgraded its rating to Hold for this stock on August 07, 2024, and downed its price target to $58. In a note dated July 18, 2024, Barclays downgraded an Underweight rating on this stock and revised its target price from $55 to $47.

Molson Coors Beverage Company [TAP] stock has fluctuated between $49.19 and $69.18 over the past year. 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 $58.65 at the most recent close of the market. An investor can expect a potential return of 2.73% based on the average TAP price forecast.

Analyzing the TAP fundamentals

Molson Coors Beverage Company [NYSE:TAP] reported sales of 11.68B for the trailing twelve months, which represents a drop of -7.75%. 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 58.19 points at the first support level, and at 57.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.02, and for the 2nd resistance point, it is at 59.38.

Ratios To Look Out For

For context, Molson Coors Beverage Company’s Current Ratio is 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 1.03, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 13.23.