Molson Coors Brewing Company (TAP) Given Average Recommendation of “Hold” by Analysts
Shares of Molson Coors Brewing Company (NYSE:TAP) have received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $98.92.
Several equities research analysts have recently commented on the stock. Susquehanna Bancshares set a $118.00 price target on shares of Molson Coors Brewing and gave the company a “buy” rating in a research report on Tuesday, August 29th. Credit Suisse Group set a $96.00 price target on shares of Molson Coors Brewing and gave the company a “hold” rating in a research report on Thursday, August 3rd. Citigroup reduced their price target on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research downgraded Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank began coverage on Molson Coors Brewing in a research note on Wednesday, September 13th. They set a “sell” rating and a $78.00 price objective for the company.
Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in Molson Coors Brewing by 12.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock worth $106,000 after purchasing an additional 140 shares during the period. Dupont Capital Management Corp bought a new position in Molson Coors Brewing in the 3rd quarter worth approximately $103,000. Krilogy Financial LLC boosted its stake in Molson Coors Brewing by 4,646.4% in the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after purchasing an additional 1,301 shares during the period. Sun Life Financial INC boosted its stake in Molson Coors Brewing by 14,900.0% in the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock worth $117,000 after purchasing an additional 1,341 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in Molson Coors Brewing by 30.4% in the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock worth $134,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.
Shares of Molson Coors Brewing (NYSE TAP) traded up $1.58 during trading hours on Thursday, reaching $78.10. The company’s stock had a trading volume of 2,076,827 shares, compared to its average volume of 1,603,153. Molson Coors Brewing has a fifty-two week low of $76.25 and a fifty-two week high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16,926.13, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86.
Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 204.3% compared to the same quarter last year. sell-side analysts anticipate that Molson Coors Brewing will post 4.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 15.83%.
TRADEMARK VIOLATION WARNING: “Molson Coors Brewing Company (TAP) Given Average Recommendation of “Hold” by Analysts” was reported by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/11/30/molson-coors-brewing-company-tap-given-average-recommendation-of-hold-by-analysts.html.
About Molson Coors Brewing
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
Receive News & Ratings for Molson Coors Brewing Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing Company and related companies with MarketBeat.com's FREE daily email newsletter.