Molson Coors Beverage Company [NYSE: TAP] stock went on an upward path that rose over 0.55% on Monday, amounting to a one-week price decrease of less than -11.78%. Over the last 12 months, TAP stock dropped by -29.15%. The one-year Molson Coors Beverage Company stock forecast points to a potential upside of 14.75. The average equity rating for TAP stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.04 billion, with 216.70 million shares outstanding and 176.19 million shares in the current float. Compared to the average trading volume of 2.74M shares, TAP stock reached a trading volume of 2470043 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on Molson Coors Beverage Company [TAP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TAP shares is $44.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TAP stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Consumer Edge Research have made an estimate for Molson Coors Beverage Company shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 09, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on April 01, 2020, representing the official price target for Molson Coors Beverage Company stock. Previously, the target price had yet another raise to $40, while Jefferies analysts kept a Hold rating on TAP stock.
The Average True Range (ATR) for Molson Coors Beverage Company is set at 1.74, with the Price to Sales ratio for TAP stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 3.17. Price to Free Cash Flow for TAP in the course of the last twelve months was 8.95 with Quick ratio for the last quarter at 0.40.
TAP Stock Performance Analysis:
Molson Coors Beverage Company [TAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.78. With this latest performance, TAP shares gained by 5.43% in over the last four-week period, additionally sinking by -25.51% over the last 6 months – not to mention a drop of -29.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TAP stock in for the last two-week period is set at 45.70, with the RSI for the last a single of trading hit 44.73, and the three-weeks RSI is set at 46.22 for Molson Coors Beverage Company [TAP]. The present Moving Average for the last 50 days of trading for this stock 40.57, while it was recorded at 38.82 for the last single week of trading, and 49.54 for the last 200 days.
Insight into Molson Coors Beverage Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Molson Coors Beverage Company [TAP] shares currently have an operating margin of +14.15 and a Gross Margin at +37.84. Molson Coors Beverage Company’s Net Margin is presently recorded at +2.28.
Return on Total Capital for TAP is now 6.36, given the latest momentum, and Return on Invested Capital for the company is 1.10. Return on Equity for this stock inclined to 1.80, with Return on Assets sitting at 0.82. When it comes to the capital structure of this company, Molson Coors Beverage Company [TAP] has a Total Debt to Total Equity ratio set at 68.59. Additionally, TAP Total Debt to Total Capital is recorded at 40.68, with Total Debt to Total Assets ending up at 31.89. Long-Term Debt to Equity for the company is recorded at 61.32, with the Long-Term Debt to Total Capital now at 36.37.
Reflecting on the efficiency of the workforce at the company, Molson Coors Beverage Company [TAP] managed to generate an average of $13,655 per employee. Receivables Turnover for the company is 12.51 with a Total Asset Turnover recorded at a value of 0.36.Molson Coors Beverage Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.60.
TAP Stock EPS
With the latest financial reports released by the company, Molson Coors Beverage Company posted 1.52/share EPS, while the average EPS was predicted by analysts to be reported at 1.65/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TAP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Molson Coors Beverage Company go to -6.76%.
Molson Coors Beverage Company [TAP] Insider Position Details
There are presently around $6,637 million, or 91.80% of TAP stock, in the hands of institutional investors. The top three institutional holders of TAP stocks are: VANGUARD GROUP INC with ownership of 22,221,918, which is approximately 0.211% of the company’s market cap and around 0.50% of the total institutional ownership; DODGE & COX, holding 22,072,733 shares of the stock with an approximate value of $839.87 million in TAP stocks shares; and BLACKROCK INC., currently with $669.55 million in TAP stock with ownership of nearly 4.56% of the company’s market capitalization.
Positions in Molson Coors Beverage Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 266 institutional holders increased their position in Molson Coors Beverage Company [NYSE:TAP] by around 20,081,372 shares. Additionally, 288 investors decreased positions by around 17,053,888 shares, while 55 investors held positions by with 137,287,710 shares. The mentioned changes placed institutional holdings at 174,422,970 shares, according to the latest SEC report filing. TAP stock had 62 new institutional investments in for a total of 3,495,052 shares, while 101 institutional investors sold positions of 3,625,823 shares during the same period.