Molson Coors Beverage Company [NYSE: TAP] closed the trading session at $50.98.
The stocks have a year to date performance of -16.71 percent and weekly performance of -2.90 percent. The stock has been moved at -18.91 percent over the last six months. The stock has performed -13.24 percent around the most recent 30 days and changed -23.00 percent over the most recent 3-months.
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If compared to the average trading volume of 2.06M shares, TAP reached to a volume of 3695735 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $64.49 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 2.75. 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.
Citigroup have made an estimate for Molson Coors Beverage Company shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $66 to $75. The new note on the price target was released on April 09, 2024, representing the official price target for Molson Coors Beverage Company stock. Previously, the target price had yet another raise to $69, while Piper Sandler analysts kept a Neutral rating on TAP stock.
The Average True Range (ATR) for Molson Coors Beverage Company is set at 1.11, with the Price to Sales ratio for TAP stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 2.16. Price to Free Cash Flow for TAP in the course of the last twelve months was 7.74 with Quick ratio for the last quarter at 0.47.
TAP stock trade performance evaluation
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 -2.90. With this latest performance, TAP shares dropped by -13.24% in over the last four-week period, additionally sinking by -18.91% over the last 6 months – not to mention a drop of -24.02% 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 25.49, with the RSI for the last a single of trading hit 23.46, and the three-weeks RSI is set at 27.62 for Molson Coors Beverage Company [TAP]. The present Moving Average for the last 50 days of trading for this stock 59.05, while it was recorded at 51.73 for the last single week of trading, and 61.32 for the last 200 days.
Molson Coors Beverage Company [TAP]: An insightful look at the core fundamentals
Molson Coors Beverage Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.69.
Earnings per share (EPS) analysis for Molson Coors Beverage Company [TAP] stock
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 4.07%.
Molson Coors Beverage Company [TAP]: Institutional Ownership
The top three institutional holders of TAP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TAP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TAP stock with ownership which is approximately 5.8386%.
