A share price of Molson Coors Beverage Company [TAP] is currently trading at $53.45, down -1.02%. 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 0.32% over the last week, with a monthly amount drifted -0.67%, 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 February 05, 2025, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $57 from $47. Previously, BofA Securities upgraded its rating to Buy on December 06, 2024, and elevated its price target to $70. On December 06, 2024, Needham initiated with a Buy rating and assigned a price target of $72 on the stock. Exane BNP Paribas started tracking the stock assigning a Neutral rating and suggested a price target of $64 on November 25, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $74 on November 08, 2024. TD Cowen reiterated a Hold rating for this stock on October 08, 2024, and downed its price target to $56. In a note dated August 07, 2024, TD Cowen downgraded an Hold rating on this stock and revised its target price from $68 to $58.
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 $74 within the next 12 months. Molson Coors Beverage Company [NYSE: TAP] shares were valued at $53.45 at the most recent close of the market. An investor can expect a potential return of 38.45% 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 52.63 points at the first support level, and at 51.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.37, and for the 2nd resistance point, it is at 55.30.
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 0.94, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 12.06.
