Molson Coors Brewing Company Stock Rating Reaffirmed by Stifel Nicolaus (TAP)
Molson Coors Brewing Company (NYSE:TAP)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a $76.00 price target on the stock, up from their previous price target of $72.00. Stifel Nicolaus’ price objective would indicate a potential upside of 22.68% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of Molson Coors Brewing Company from $60.00 to $62.00 in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Molson Coors Brewing Company in a research note on Wednesday, April 2nd. They now have a $62.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Molson Coors Brewing Company currently has a consensus rating of “Hold” and a consensus price target of $63.40.
Shares of Molson Coors Brewing Company (NYSE:TAP) traded up 1.78% on Thursday, hitting $63.05. 1,676,449 shares of the company’s stock traded hands. Molson Coors Brewing Company has a one year low of $46.94 and a one year high of $62.42. The stock has a 50-day moving average of $58.93 and a 200-day moving average of $55.87. The company has a market cap of $11.609 billion and a price-to-earnings ratio of 20.11.
Molson Coors Brewing Company (NYSE:TAP) last released its earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.20. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $818.43 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Molson Coors Brewing Company will post $4.14 EPS for the current fiscal year.
Molson Coors Brewing Company (NYSE:TAP) is a holding company.
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