The stock of Molson Coors Beverage Company (NYSE: TAP) has decreased by -2.33 when compared to last closing price of 64.77. Despite this, the company has experienced a -6.04% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Molson Coors Beverage Company (NYSE: TAP) Right Now?
Molson Coors Beverage Company (NYSE: TAP) has a higher price-to-earnings ratio of 14.50x compared to its average ratio. TAP has 36-month beta value of 0.85. Analysts have mixed views on the stock, 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 currently, short sellers hold a 4.76% ratio of that float. The average trading volume of TAP on April 17, 2024 was 1.69M shares.
TAP’s Market Performance
TAP stock saw a decrease of -6.04% in the past week, with a monthly decline of -6.24% and a quarterly a decrease of 0.13%. The volatility ratio for the week is 2.36%, and the volatility levels for the last 30 days are 1.67% for Molson Coors Beverage Company (TAP). The simple moving average for the last 20 days is -5.89% for TAP stock, with a simple moving average of 0.22% for the last 200 days.
Analysts’ Opinion of TAP
Many brokerage firms have already submitted their reports for TAP stocks, with Goldman repeating the rating for TAP by listing it as a “Buy.” The predicted price for TAP in the upcoming period, according to Goldman is $75 based on the research report published on April 09, 2024 of the current year 2024.
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 -2.06% 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 -10.78% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -6.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.92% upper at present.
During the last 5 trading sessions, TAP fell by -6.04%, which changed the moving average for the period of 200-days by -3.60% in comparison to the 20-day moving average, which settled at $67.01. In addition, Molson Coors Beverage Company saw 3.35% 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 1.61. 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 put it simply, Molson Coors Beverage Company (TAP) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
