Molson Coors Brewing (NYSE:TAP)‘s stock had its “sell” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday.
The analysts wrote, “TAP’s 4Q18 results fell short with revs/EBITDA -5% / -4% below Street est., w/sales below Street est.””
A number of other analysts have also recently weighed in on TAP. Standpoint Research initiated coverage on shares of Molson Coors Brewing in a report on Tuesday, October 23rd. They issued a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine upgraded shares of Molson Coors Brewing from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Citigroup lowered their price target on shares of Molson Coors Brewing from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Finally, UBS Group began coverage on shares of Molson Coors Brewing in a research note on Thursday, December 13th. They issued a “buy” rating and a $80.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $75.27.
NYSE:TAP opened at $61.14 on Tuesday. Molson Coors Brewing has a fifty-two week low of $54.17 and a fifty-two week high of $82.29. The stock has a market capitalization of $14.10 billion, a PE ratio of 13.68, a PEG ratio of 2.93 and a beta of 0.84. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64.
Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings results on Tuesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. Molson Coors Brewing had a net margin of 12.05% and a return on equity of 7.58%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the business earned $0.62 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Molson Coors Brewing will post 4.96 EPS for the current year.
In related news, insider Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $64.75, for a total value of $168,026.25. Following the completion of the sale, the insider now directly owns 49,946 shares in the company, valued at approximately $3,234,003.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.55% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. raised its position in Molson Coors Brewing by 250.2% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 103,000 shares of the company’s stock worth $5,060,000 after buying an additional 73,589 shares during the last quarter. Martingale Asset Management L P purchased a new position in Molson Coors Brewing during the 4th quarter worth approximately $254,000. State of Tennessee Treasury Department raised its position in Molson Coors Brewing by 10.8% during the 4th quarter. State of Tennessee Treasury Department now owns 48,537 shares of the company’s stock worth $2,726,000 after buying an additional 4,717 shares during the last quarter. Advisor Group Inc. raised its position in Molson Coors Brewing by 245.4% during the 4th quarter. Advisor Group Inc. now owns 20,850 shares of the company’s stock worth $1,171,000 after buying an additional 14,813 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Molson Coors Brewing by 10.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,726 shares of the company’s stock worth $1,725,000 after buying an additional 2,863 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.
Molson Coors Brewing Company Profile
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.
Featured Story: Federal Reserve
Receive News & Ratings for Molson Coors Brewing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Brewing and related companies with MarketBeat.com's FREE daily email newsletter.