Investment Analysts’ Recent Ratings Changes for Molson Coors Brewing (TAP)

Molson Coors Brewing (NYSE: TAP) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – Molson Coors Brewing was given a new $107.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 2/12/2018 – Molson Coors Brewing was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating. They now have a $92.00 price target on the stock.
  • 2/8/2018 – Molson Coors Brewing was upgraded by analysts at Berenberg Bank from a “sell” rating to a “hold” rating. They now have a $78.00 price target on the stock.
  • 2/5/2018 – Molson Coors Brewing is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $95.00 price target on the stock.
  • 2/2/2018 – Molson Coors Brewing had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $112.00 price target on the stock.
  • 1/10/2018 – Molson Coors Brewing was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Molson Coors is focusing on expanding above-premium beer brands portfolio to help strengthen market share. Molson Coors has also been focusing on gaining share in the premium light segment in the U.S. through Coors Light and Miller Lite brands, since the past many quarters. The company is also expanding global footprint through acquisitions and agreements. Further, Molson Coors has undertaken several restructuring initiatives to reduce overhead costs and boost profitability. These initiatives have led to considerable cost savings, including the synergies from MillerCoors. However, the company’s performance in the in the United States and Canada have remained dismal owing to industry challenges. As a result shares of the company have declined in the past six months, thereby underperforming the industry. Headwinds in the North American region also pulled down the company’s third-quarter 2017 results.”
  • 1/10/2018 – Molson Coors Brewing is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $94.00 price target on the stock.
  • 1/9/2018 – Molson Coors Brewing is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $88.00 price target on the stock.
  • 1/2/2018 – Molson Coors Brewing was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “Molson Coors is focusing on expanding above-premium beer brands portfolio to help strengthen market share. Molson Coors has also been focusing on gaining share in the premium light segment in the U.S. through Coors Light and Miller Lite brands, since the past many quarters. The company is also expanding global footprint through acquisitions and agreements. Further, Molson Coors has undertaken several restructuring initiatives to reduce overhead costs and boost profitability. These initiatives have led to considerable cost savings, including the synergies from MillerCoors. Nevertheless, the company’s performance in the in the United States and Canada have remained dismal owing to industry challenges. As a result shares of the company have declined in the past six months, thereby underperforming the industry. Headwinds in the North American region also pulled down the company’s third-quarter 2017 results.”
  • 12/22/2017 – Molson Coors Brewing had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $116.00 price target on the stock.

Shares of Molson Coors Brewing Co (NYSE:TAP) traded up $2.20 during trading hours on Monday, reaching $76.41. The company’s stock had a trading volume of 922,437 shares, compared to its average volume of 1,350,589. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. Molson Coors Brewing Co has a 12-month low of $72.71 and a 12-month high of $102.14. The firm has a market cap of $15,984.83, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79.

In other news, CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of Molson Coors Brewing stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the transaction, the chairman now directly owns 319,222 shares in the company, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by company insiders.

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.

Receive News & Ratings for Molson Coors Brewing Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply