BMO Capital Markets started coverage on shares of Molson Coors Brewing (NYSE:TAP) in a research report issued on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
TAP has been the topic of several other research reports. Morgan Stanley began coverage on shares of Molson Coors Brewing in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 target price on the stock. Citigroup reduced their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $116.00 target price on shares of Molson Coors Brewing in a report on Friday, December 22nd. Zacks Investment Research cut shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Barclays started coverage on shares of Molson Coors Brewing in a report on Wednesday, January 10th. They set an “overweight” rating and a $94.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Molson Coors Brewing currently has an average rating of “Hold” and a consensus price target of $96.66.
Shares of Molson Coors Brewing (NYSE:TAP) traded down $3.38 during trading hours on Monday, reaching $77.68. 1,760,112 shares of the company traded hands, compared to its average volume of 1,215,750. The firm has a market capitalization of $17,460.32, a PE ratio of 7.50, a price-to-earnings-growth ratio of 2.17 and a beta of 0.79. Molson Coors Brewing has a 52-week low of $76.25 and a 52-week high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83.
Large investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new position in shares of Molson Coors Brewing in the 3rd quarter valued at $103,000. Krilogy Financial LLC raised its stake in shares of Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after purchasing an additional 1,301 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Molson Coors Brewing during the 4th quarter worth about $129,000. Meeder Asset Management Inc. bought a new position in shares of Molson Coors Brewing in the 3rd quarter valued at approximately $138,000. Finally, Advisor Group Inc. raised its stake in shares of Molson Coors Brewing by 48.9% in the 3rd quarter. Advisor Group Inc. now owns 2,598 shares of the company’s stock valued at $213,000 after acquiring an additional 853 shares in the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Molson Coors Brewing (TAP) Now Covered by BMO Capital Markets” was first published by American Market News and is owned by of American Market News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/05/molson-coors-brewing-tap-now-covered-by-bmo-capital-markets.html.
About Molson Coors Brewing
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.
