Analysts Set Molson Coors Brewing Co (TAP) Price Target at $71.40

Shares of Molson Coors Brewing Co (NYSE:TAP) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $71.40.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. BMO Capital Markets lowered their price objective on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. Jefferies Financial Group reaffirmed a “sell” rating on shares of Molson Coors Brewing in a research note on Wednesday, April 10th. Deutsche Bank downgraded shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $63.00 in a research note on Tuesday, February 12th. Finally, Citigroup decreased their price target on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, February 14th.

Shares of NYSE:TAP traded up $0.12 during midday trading on Friday, hitting $58.66. 727,234 shares of the stock traded hands, compared to its average volume of 1,709,217. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.61. Molson Coors Brewing has a one year low of $54.17 and a one year high of $71.04.



Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.05). The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. Molson Coors Brewing had a net margin of 7.46% and a return on equity of 7.92%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. As a group, research analysts forecast that Molson Coors Brewing will post 4.63 EPS for the current fiscal year.

In other news, CEO Mark Hunter sold 11,287 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $60.06, for a total transaction of $677,897.22. Following the sale, the chief executive officer now owns 166,743 shares in the company, valued at $10,014,584.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Simon Cox sold 9,497 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $60.69, for a total transaction of $576,372.93. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Molson Coors Brewing by 7.7% during the first quarter. BlackRock Inc. now owns 16,114,198 shares of the company’s stock valued at $961,213,000 after buying an additional 1,152,294 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Molson Coors Brewing by 10,185.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,587,752 shares of the company’s stock valued at $99,000 after buying an additional 5,533,427 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Molson Coors Brewing by 0.9% during the first quarter. Wells Fargo & Company MN now owns 4,972,428 shares of the company’s stock valued at $296,605,000 after buying an additional 46,118 shares during the last quarter. LSV Asset Management grew its holdings in shares of Molson Coors Brewing by 7.3% during the first quarter. LSV Asset Management now owns 3,832,197 shares of the company’s stock valued at $228,590,000 after buying an additional 261,900 shares during the last quarter. Finally, Boston Partners lifted its position in Molson Coors Brewing by 223.5% during the first quarter. Boston Partners now owns 3,581,150 shares of the company’s stock valued at $213,616,000 after purchasing an additional 2,474,052 shares during the period. Hedge funds and other institutional investors own 76.96% of the company’s stock.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

Recommended Story: Why does a company issue an IPO?

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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.