Molson Coors Beverage Company [NYSE: TAP] traded at a high on Tuesday, posting a 5.42 gain after which it closed the day’ session at $53.90.
The results of the trading session contributed to over 4837988 shares changing hands. Over the past one week, the price volatility of Molson Coors Beverage Company stands at 2.86% while the volatility over the past one month is 2.08%.
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The market cap for TAP stock reached $11.42 billion, with 198.60 million shares outstanding and 173.93 million shares in the current float. Compared to the average trading volume of 2.17M shares, TAP reached a trading volume of 4837988 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $60.07 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 2.82. 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.
Barclays have made an estimate for Molson Coors Beverage Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $66 to $56. The new note on the price target was released on April 24, 2024, representing the official price target for Molson Coors Beverage Company stock. Previously, the target price had yet another raise from $66 to $75, while Goldman kept a Buy rating on TAP stock.
The Average True Range (ATR) for Molson Coors Beverage Company is set at 1.32, with the Price to Sales ratio for TAP stock in the period of the last 12 months amounting to 0.96. The Price to Book ratio for the last quarter was 0.87, 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 8.18 with Quick ratio for the last quarter at 0.47.
How has TAP stock performed recently?
Molson Coors Beverage Company [TAP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.20. With this latest performance, TAP shares gained by 7.46% in over the last four-week period, additionally sinking by -12.04% over the last 6 months – not to mention a drop of -17.47% 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 57.20, with the RSI for the last a single of trading hit 59.22, and the three-weeks RSI is set at 54.27 for Molson Coors Beverage Company [TAP]. The present Moving Average for the last 50 days of trading for this stock 51.93, while it was recorded at 52.71 for the last single week of trading, and 59.38 for the last 200 days.
Molson Coors Beverage Company [TAP]: Deeper insight into the 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 analysis for Molson Coors Beverage Company [TAP]
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 3.35%.
Insider trade positions for Molson Coors Beverage Company [TAP]
The top three institutional holders of TAP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in TAP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in TAP stock with ownership which is approximately 5.1238%.
