Molson Coors Beverage Company (NYSE: TAP) has seen a rise in its stock price by 0.27 in relation to its previous close of 55.72. However, the company has experienced a 2.53% gain in its stock price over the last five trading sessions. marketwatch.com reported 2024-10-08 that Shares of some of the nation’s biggest brewers have slipped so far this year — and the months ahead don’t look a whole lot better amid shakier demand in the U.S. and abroad, TD Cowen analysts said Tuesday.
Is It Worth Investing in Molson Coors Beverage Company (NYSE: TAP) Right Now?
Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio of 10.25x that is above its average ratio. Additionally, the 36-month beta value for TAP is 0.82. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 2 rating it as “sell.”
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The public float for TAP is 169.26M and currently, short sellers hold a 4.26% ratio of that float. The average trading volume of TAP on October 23, 2024 was 1.87M shares.
TAP’s Market Performance
The stock of Molson Coors Beverage Company (TAP) has seen a 2.53% increase in the past week, with a 1.47% rise in the past month, and a 4.68% gain in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.80% for TAP. The simple moving average for the last 20 days is 0.59% for TAP stock, with a simple moving average of -3.47% for the last 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 $56 based on the research report published on October 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see TAP reach a price target of $58, previously predicting the price at $68. The rating they have provided for TAP stocks is “Hold” according to the report published on August 07th, 2024.
Barclays gave a rating of “Underweight” to TAP, setting the target price at $47 in the report published on July 18th of the current year.
TAP Trading at 1.78% 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 -19.24% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.42% upper at present.
During the last 5 trading sessions, TAP rose by +2.53%, which changed the moving average for the period of 200-days by -9.17% in comparison to the 20-day moving average, which settled at $55.54. In addition, Molson Coors Beverage Company saw -8.72% 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 1.44. 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 conclusion, Molson Coors Beverage Company (TAP) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
