Molson Coors Beverage Company (TAP): Skating on Thin Ice? We Know the Answer

Molson Coors Beverage Company (NYSE:TAP) went down by -2.06% from its latest closing price compared to the recent 1-year high of $61.94. The company’s stock price has collected -9.19% of loss in the last five trading sessions. MarketWatch.com reported 23 hours ago that Pepsi to launch sleep-aid drink Driftwell as beverage companies expand into new health and wellness categories

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Is It Worth Investing in Molson Coors Beverage Company (NYSE :TAP) Right Now?

Molson Coors Beverage Company (NYSE:TAP) scored a price-to-earnings ratio above its average ratio, recording 71.58 x from its present earnings ratio. Plus, the 36-month beta value for TAP is at 0.96. Opinions of the stock are interesting as 7 analysts out of 19 who provided ratings for Molson Coors Beverage Company declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 3 as “sell.”

The average price from analysts is $44.93, which is $10.58 above the current price. TAP currently public float of 176.36M and currently shorts hold a 5.96% ratio of that float. Today, the average trading volume of TAP was 2.05M shares.

TAP’s Market Performance

TAP stocks went down by -9.19% for the week, with a monthly drop of -9.00% and a quarterly performance of -13.84%, while its annual performance rate touched -40.42%. The volatility ratio for the week stands at 3.34% while the volatility levels for the past 30 days are set at 2.47% for Molson Coors Beverage Company. The simple moving average for the period of the last 20 days is -8.04% for TAP stocks with a simple moving average of -21.68% for the last 200 days.

Analysts’ Opinion of TAP

Many brokerage firms have already submitted their reports for TAP stocks, with Bryan Garnier repeating the rating for TAP by listing it as a “Buy.” The predicted price for TAP in the upcoming period, according to Bryan Garnier is $49 based on the research report published on July 15th of the current year 2020.

Consumer Edge Research, on the other hand, stated in their research note that they expect to see TAP reach a price target of $49. The rating they have provided for TAP stocks is “Equal Weight” according to the report published on April 9th, 2020.

Goldman gave a rating of “Sell” to TAP, setting the target price at $35 in the report published on April 1st of the current year.

TAP Trading at -6.51% from the 50-Day Moving Average

After a stumble in the market that brought TAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.64% of loss for the given period.

Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -9.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.84% lower at present.

During the last 5 trading sessions, TAP fell by -9.19%, which changed the moving average for the period of 200-days by -32.41% in comparison to the 20-day moving average, which settled at $37.12. In addition, Molson Coors Beverage Company saw -36.38% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TAP starting from VACHON LOUIS, who bought 3,000 shares at the price of $35.28 back on Sep 14. After this action, VACHON LOUIS now owns 26,467 shares of Molson Coors Beverage Company, valued at $105,837 using the latest closing price.

COORS PETER H, the Vice Chairman of the Board of Molson Coors Beverage Company, sold 67,079 shares at $51.22 during a trade that took place back on Mar 04, which means that COORS PETER H is holding 244,879 shares at $3,435,786 based on the most recent closing price.

Stock Fundamentals for TAP

Current profitability levels for the company are sitting at:

  • +14.15 for the present operating margin
  • +37.84 for the gross margin

The net margin for Molson Coors Beverage Company stands at +2.28. The total capital return value is set at 6.36, while invested capital returns managed to touch 1.10. Equity return is now at value -1.20, with -0.60 for asset returns.

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Based on Molson Coors Beverage Company (TAP), the company’s capital structure generated 68.59 points at debt to equity in total, while total debt to capital is 40.68. Total debt to assets is 31.89, with long-term debt to equity ratio resting at 4.83. Finally, the long-term debt to capital ratio is 61.32.

When we switch over and look at the enterprise to sales, we see a ratio of 1.95, with the company’s debt to enterprise value settled at 0.45. The receivables turnover for the company is 12.51 and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.

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