Molson Coors Beverage Company (NYSE:TAP) went up by 4.37% from its latest closing price compared to the recent 1-year high of $61.94. The company’s stock price has collected 10.32% of gains in the last five trading sessions. MarketWatch.com reported 8 hours ago that Dwayne ‘The Rock’ Johnson partners with Molson Coors for nonalcoholic energy drink
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 19.25 x from its present earnings ratio. Plus, the 36-month beta value for TAP is at 1.18. Opinions of the stock are interesting as 6 analysts out of 19 who provided ratings for Molson Coors Beverage Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $46.80, which is -$4.66 below the current price. TAP currently public float of 176.37M and currently shorts hold a 5.94% ratio of that float. Today, the average trading volume of TAP was 2.51M shares.
TAP’s Market Performance
TAP stocks went up by 10.32% for the week, with a monthly jump of 7.55% and a quarterly performance of 45.44%, while its annual performance rate touched -6.39%. The volatility ratio for the week stands at 3.09% while the volatility levels for the past 30 days are set at 2.61% for Molson Coors Beverage Company. The simple moving average for the period of the last 20 days is 11.68% for TAP stocks with a simple moving average of 31.78% for the last 200 days.
Analysts’ Opinion of TAP
Many brokerage firms have already submitted their reports for TAP stocks, with Jefferies repeating the rating for TAP by listing it as a “Buy.” The predicted price for TAP in the upcoming period, according to Jefferies is $57 based on the research report published on January 04th of the current year 2021.
Wells Fargo, on the other hand, stated in their research note that they expect to see TAP reach a price target of $51. The rating they have provided for TAP stocks is “Equal Weight” according to the report published on December 08th, 2020.
Guggenheim gave a rating of “Buy” to TAP, setting the target price at $62 in the report published on October 07th of the previous year.
TAP Trading at 16.29% 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 -16.29% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +9.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.33% upper at present.
During the last 5 trading sessions, TAP rose by +10.32%, which changed the moving average for the period of 200-days by +36.23% in comparison to the 20-day moving average, which settled at $46.65. In addition, Molson Coors Beverage Company saw 14.74% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TAP starting from Molson Andrew Thomas, who sale 3,238 shares at the price of $47.12 back on Nov 24. After this action, Molson Andrew Thomas now owns 10,740 shares of Molson Coors Beverage Company, valued at $152,571 using the latest closing price.
Winnefeld James A Jr, the Director of Molson Coors Beverage Company, purchase 1,000 shares at $36.90 during a trade that took place back on Nov 04, which means that Winnefeld James A Jr is holding 6,442 shares at $36,900 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 4.40, with 2.00 for asset returns.
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 61.32. Finally, the long-term debt to capital ratio is 36.37.
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.