The price-to-earnings ratio for Molson Coors Beverage Company (NYSE: TAP) is 11.46x, which is above its average ratio. Moreover, the 36-month beta value for TAP is 0.84. Analysts have varying opinions 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 174.68M and currently, short sellers hold a 5.43% of that float. On May 07, 2024, TAP’s average trading volume was 1.93M shares.
TAP) stock’s latest price update
Molson Coors Beverage Company (NYSE: TAP)’s stock price has decreased by -1.00 compared to its previous closing price of 57.85. However, the company has seen a -9.90% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-30 that Molson Coors Beverage Company (NYSE:TAP ) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Greg Tierney – VP, FP&A, Commercial Finance and IR Gavin Hattersley – President and CEO Tracey Joubert – CFO Conference Call Participants Bonnie Herzog – Goldman Sachs Andrea Teixeira – JPMorgan Bill Kirk – ROTH MKM Peter Grom – UBS Steve Powers – Deutsche Bank Brian Spillane – Bank of America Chris Carey – Wells Fargo Securities Lauren Lieberman – Barclays Eric Serotta – Morgan Stanley Robert Moskow – TD Cowen Nadine Sarwat – Bernstein Michael Lavery – Piper Sandler Brett Cooper – Consumer Edge Research Gerald Pascarelli – Wedbush Securities Operator Good day, and welcome to the Molson Coors Beverage Company First Quarter Earnings Conference Call. You can find related slides on the Investor Relations page of the Molson Coors website.
TAP’s Market Performance
Molson Coors Beverage Company (TAP) has seen a -9.90% fall in stock performance for the week, with a -14.97% decline in the past month and a -6.54% plunge in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are at 2.60% for TAP. The simple moving average for the past 20 days is -9.57% for TAP’s stock, with a -8.80% simple moving average for the past 200 days.
Analysts’ Opinion of TAP
Many brokerage firms have already submitted their reports for TAP stocks, with Citigroup repeating the rating for TAP by listing it as a “Sell.” The predicted price for TAP in the upcoming period, according to Citigroup is $56 based on the research report published on April 24, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TAP reach a price target of $75, previously predicting the price at $66. The rating they have provided for TAP stocks is “Buy” according to the report published on April 09th, 2024.
Piper Sandler gave a rating of “Neutral” to TAP, setting the target price at $69 in the report published on March 22nd of the current year.
TAP Trading at -11.45% 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 -19.22% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -14.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.35% lower at present.
During the last 5 trading sessions, TAP fell by -9.90%, which changed the moving average for the period of 200-days by -18.26% in comparison to the 20-day moving average, which settled at $62.86. In addition, Molson Coors Beverage Company saw -6.44% 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 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:
- 0.13 for the present operating margin
- 0.38 for the gross margin
The net margin for Molson Coors Beverage Company stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 8.40, with 4.18 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 0.34. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is -14.64.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 3.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 11.76for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
To wrap up, the performance of Molson Coors Beverage Company (TAP) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
