The price-to-earnings ratio for Molson Coors Beverage Company (NYSE: TAP) is above average at 10.04x, Company’s 36-month beta value is 0.80.Analysts have differing 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 169.81M, and currently, short sellers hold a 4.59% ratio of that floaft. The average trading volume of TAP on September 11, 2024 was 2.12M shares.
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TAP) stock’s latest price update
Molson Coors Beverage Company (NYSE: TAP)’s stock price has gone decline by -2.13 in comparison to its previous close of 55.94, however, the company has experienced a -3.78% decrease in its stock price over the last five trading days. zacks.com reported 2024-09-05 that The Zacks Beverages – Alcohol industry is navigating a tough landscape marked by inflation and rising costs for commodities and logistics. Key players like BUD, STZ, TAP and NAPA are positioned to leverage investments in innovation, premiumization and advanced technology platforms.
TAP’s Market Performance
Molson Coors Beverage Company (TAP) has seen a -3.78% fall in stock performance for the week, with a 3.34% gain in the past month and a 5.49% surge in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 2.24% for TAP.. The simple moving average for the past 20 days is 1.23% for TAP’s stock, with a -6.96% simple moving average for the past 200 days.
Analysts’ Opinion of TAP
Many brokerage firms have already submitted their reports for TAP stocks, with TD Cowen repeating the rating for TAP by listing it as a “Hold.” The predicted price for TAP in the upcoming period, according to TD Cowen is $58 based on the research report published on August 07, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TAP reach a price target of $47, previously predicting the price at $55. The rating they have provided for TAP stocks is “Underweight” according to the report published on July 18th, 2024.
Citigroup gave a rating of “Sell” to TAP, setting the target price at $56 in the report published on April 24th of the current year.
TAP Trading at 3.47% 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 -20.86% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.71% upper at present.
During the last 5 trading sessions, TAP fell by -3.78%, which changed the moving average for the period of 200-days by -8.15% in comparison to the 20-day moving average, which settled at $54.22. In addition, Molson Coors Beverage Company saw -10.55% 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:
- 0.14 for the present operating margin
- 0.39 for the gross margin
The net margin for Molson Coors Beverage Company stands at 0.1. The total capital return value is set at 0.07. Equity return is now at value 8.92, with 4.31 for asset returns.
Based on Molson Coors Beverage Company (TAP), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is -16.03.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 2.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.42. The receivables turnover for the company is 9.91for 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 0.95.
Conclusion
In a nutshell, Molson Coors Beverage Company (TAP) has experienced a mixed performance in recent times. The stock has received mixed “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.
