A share price of Molson Coors Beverage Company [TAP] is currently trading at $55.23, up 0.51%. 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 2.20% over the last week, with a monthly amount drifted -4.48%, and not seem to be holding up well over a long-time horizon.
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 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 $66.5 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $55.23 at the most recent close of the market. An investor can expect a potential return of 20.41% 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 54.64 points at the first support level, and at 54.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.80, and for the 2nd resistance point, it is at 56.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Molson Coors Beverage Company [NYSE:TAP] is 0.99. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 12.46.
Transactions by insiders
Recent insider trading involved Joubert Tracey, Chief Financial Officer, that happened on Feb 12 ’24 when 2771.0 shares were sold.