Molson Coors Brewing (TAP) Earns Daily News Impact Rating of 0.08
News stories about Molson Coors Brewing (NYSE:TAP) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7782722347297 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have recently issued reports on TAP shares. Citigroup Inc. lowered their price objective on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Susquehanna Bancshares Inc restated a “buy” rating on shares of Molson Coors Brewing in a research note on Wednesday, October 11th. Berenberg Bank started coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price objective on the stock. BidaskClub upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research downgraded shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $98.92.
Molson Coors Brewing (NYSE:TAP) traded up $0.19 on Friday, reaching $79.68. 745,273 shares of the company’s stock were exchanged, compared to its average volume of 1,492,326. Molson Coors Brewing has a 1 year low of $78.10 and a 1 year high of $102.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market capitalization of $17,163.07, a P/E ratio of 18.88, a P/E/G ratio of 2.34 and a beta of 0.86.
Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue was up 204.3% compared to the same quarter last year. analysts forecast that Molson Coors Brewing will post 4.34 earnings per share for the current fiscal year.
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About Molson Coors Brewing
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
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