Molson Coors Brewing (TAP) Upgraded by ValuEngine to “Sell”

Molson Coors Brewing (NYSE:TAP) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

A number of other research analysts have also issued reports on TAP. Zacks Investment Research upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Susquehanna Bancshares lifted their target price on Molson Coors Brewing from $80.00 to $84.00 and gave the company a “positive” rating in a report on Thursday, August 2nd. Morgan Stanley lifted their target price on Molson Coors Brewing from $69.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 2nd. Standpoint Research began coverage on Molson Coors Brewing in a report on Tuesday, October 23rd. They issued a “buy” rating and a $72.00 target price for the company. Finally, Citigroup decreased their price target on Molson Coors Brewing from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $75.79.

NYSE:TAP opened at $64.00 on Thursday. The firm has a market capitalization of $12.02 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.36 and a beta of 0.73. Molson Coors Brewing has a 12-month low of $55.52 and a 12-month high of $85.86. The company has a quick ratio of 0.51, a current ratio of 0.66 and a debt-to-equity ratio of 0.69.



Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, October 31st. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.25. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Molson Coors Brewing had a return on equity of 6.97% and a net margin of 11.68%. Molson Coors Brewing’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Equities research analysts predict that Molson Coors Brewing will post 4.78 earnings per share for the current year.

In other Molson Coors Brewing news, insider Krishnan Anand sold 2,595 shares of Molson Coors Brewing stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $61.42, for a total transaction of $159,384.90. Following the completion of the sale, the insider now directly owns 49,578 shares of the company’s stock, valued at approximately $3,045,080.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.55% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Molson Coors Brewing by 13.2% in the 1st quarter. LPL Financial LLC now owns 7,193 shares of the company’s stock valued at $542,000 after purchasing an additional 839 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Molson Coors Brewing by 83.7% in the 1st quarter. Principal Financial Group Inc. now owns 511,618 shares of the company’s stock valued at $38,540,000 after purchasing an additional 233,061 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Molson Coors Brewing by 7.4% in the 1st quarter. Allianz Asset Management GmbH now owns 399,938 shares of the company’s stock valued at $30,127,000 after purchasing an additional 27,525 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Molson Coors Brewing by 44.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 8,548 shares of the company’s stock valued at $582,000 after purchasing an additional 2,643 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Molson Coors Brewing by 22.6% in the 2nd quarter. Thompson Investment Management Inc. now owns 48,505 shares of the company’s stock valued at $3,300,000 after purchasing an additional 8,935 shares during the last quarter. 76.15% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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