Molson Coors Beverage Company (TAP) Stock: What the Analysts are Saying

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Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio that is above its average at 10.52x. The stock has a 36-month beta value of 0.82. 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 169.26M, and at present, short sellers hold a 5.06% of that float. On October 02, 2024, the average trading volume of TAP was 1.97M shares.

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TAP) stock’s latest price update

Molson Coors Beverage Company (NYSE: TAP)’s stock price has dropped by -0.30 in relation to previous closing price of 57.52. Nevertheless, the company has seen a gain of 5.02% in its stock price over the last five trading days. zacks.com reported 2024-09-30 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

TAP’s Market Performance

Molson Coors Beverage Company (TAP) has experienced a 5.02% rise in stock performance for the past week, with a 6.26% rise in the past month, and a 13.43% rise in the past quarter. The volatility ratio for the week is 1.73%, and the volatility levels for the past 30 days are at 2.44% for TAP. The simple moving average for the past 20 days is 3.45% for TAP’s stock, with a -1.78% 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 6.00% 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 -17.10% of loss for the given period.

Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.22% upper at present.

During the last 5 trading sessions, TAP rose by +5.02%, which changed the moving average for the period of 200-days by -10.73% in comparison to the 20-day moving average, which settled at $55.46. In addition, Molson Coors Beverage Company saw -6.31% 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 1.47. 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

To sum up, Molson Coors Beverage Company (TAP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.

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