Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio that is above its average at 15.35x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 2 as “sell.”
The public float for TAP is 190.00M, and at present, short sellers hold a 5.28% of that float. On April 09, 2024, the average trading volume of TAP was 1.67M shares.
TAP) stock’s latest price update
The stock price of Molson Coors Beverage Company (NYSE: TAP) has surged by 0.49 when compared to previous closing price of 66.63, but the company has seen a -1.81% decline in its stock price over the last five trading sessions. Schaeffers Research reported 2024-04-09 that Shares of American Eagle Outfitters Inc (NYSE:AEO) and Moslon Coors Beverage Co (NYSE:TAP) are both higher after being upgraded.
TAP’s Market Performance
Molson Coors Beverage Company (TAP) has experienced a -1.81% fall in stock performance for the past week, with a 3.72% rise in the past month, and a 7.48% rise in the past quarter. The volatility ratio for the week is 1.24%, and the volatility levels for the past 30 days are at 1.54% for TAP. The simple moving average for the last 20 days is -0.20% for TAP stock, with a simple moving average of 6.11% for the last 200 days.
Analysts’ Opinion of TAP
Piper Sandler, on the other hand, stated in their research note that they expect to see TAP reach a price target of $69. The rating they have provided for TAP stocks is “Neutral” according to the report published on March 22nd, 2024.
HSBC Securities gave a rating of “Hold” to TAP, setting the target price at $68 in the report published on November 30th of the previous year.
TAP Trading at 4.31% 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 -5.56% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares surge +1.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.13% upper at present.
During the last 5 trading sessions, TAP fell by -1.43%, which changed the moving average for the period of 200-days by +1.12% in comparison to the 20-day moving average, which settled at $67.15. In addition, Molson Coors Beverage Company saw 9.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TAP starting from Joubert Tracey, who sale 2,771 shares at the price of $60.37 back on Feb 12 ’24. After this action, Joubert Tracey now owns 60,538 shares of Molson Coors Beverage Company, valued at $167,285 using the latest closing price.
Winnefeld James A Jr, the Director of Molson Coors Beverage Company, purchase 100 shares at $59.02 during a trade that took place back on Nov 03 ’23, which means that Winnefeld James A Jr is holding 16,093 shares at $5,902 based on the most recent closing price.
Stock Fundamentals for TAP
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.37 for the gross margin
The net margin for Molson Coors Beverage Company stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 7.33, with 3.63 for asset returns.
Based on Molson Coors Beverage Company (TAP), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -11.97.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 13.31for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Molson Coors Beverage Company (TAP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
