Molson Coors Brewing Company (NYSE:TAP) had its target price cut by Citigroup Inc. from $106.00 to $102.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 27.88% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TAP. Berenberg Bank reissued a “sell” rating and issued a $76.00 target price on shares of Molson Coors Brewing in a report on Friday. UBS AG reissued a “neutral” rating and issued a $98.00 target price (up from $96.00) on shares of Molson Coors Brewing in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “buy” rating on shares of Molson Coors Brewing in a report on Wednesday, August 2nd. Credit Suisse Group set a $92.00 target price on Molson Coors Brewing and gave the stock a “hold” rating in a report on Friday, September 29th. Finally, Zacks Investment Research cut Molson Coors Brewing from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $98.92.

Shares of Molson Coors Brewing (TAP) traded down $1.28 on Friday, hitting $79.76. The stock had a trading volume of 1,290,328 shares, compared to its average volume of 1,604,274. The firm has a market capitalization of $17,027.11, a price-to-earnings ratio of 18.74 and a beta of 0.86.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a return on equity of 7.54% and a net margin of 17.04%. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm posted $1.03 EPS. Molson Coors Brewing ‘s quarterly revenue was up 204.3% compared to the same quarter last year. research analysts forecast that Molson Coors Brewing will post 4.32 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. grew its position in Molson Coors Brewing by 0.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,451 shares of the company’s stock worth $450,000 after acquiring an additional 12 shares during the last quarter. MSI Financial Services Inc grew its position in Molson Coors Brewing by 1.3% during the 3rd quarter. MSI Financial Services Inc now owns 1,458 shares of the company’s stock worth $160,000 after acquiring an additional 19 shares during the last quarter. Shell Asset Management Co. grew its position in Molson Coors Brewing by 0.3% during the 2nd quarter. Shell Asset Management Co. now owns 13,852 shares of the company’s stock worth $1,196,000 after acquiring an additional 37 shares during the last quarter. Tdam USA Inc. boosted its position in Molson Coors Brewing by 0.5% in the 3rd quarter. Tdam USA Inc. now owns 7,611 shares of the company’s stock valued at $836,000 after buying an additional 40 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Molson Coors Brewing by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,719 shares of the company’s stock valued at $1,184,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 79.01% of the company’s stock.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Analyst Recommendations for Molson Coors Brewing  (NYSE:TAP)

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