Molson Coors Brewing (TAP) Receives Daily Coverage Optimism Rating of -0.03
Headlines about Molson Coors Brewing (NYSE:TAP) have trended somewhat negative recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Molson Coors Brewing earned a news impact score of -0.03 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.9456991118907 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Molson Coors launches two new Redd’s flavors amid beer struggles (finance.yahoo.com)
- Molson Coors Brewing Co (TAP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Zacks: Brokerages Expect Molson Coors Brewing Co (TAP) Will Post Earnings of $0.57 Per Share (americanbankingnews.com)
- Quantres Asset Management LTD Boosted Its Molson Coors Brewing Co (TAP) Holding; Jazz Pharmaceuticals Plc … – Hill Country Times (hillcountrytimes.com)
- Molson Coors Brewing Co (TAP) Chairman Sells $4,726,811.03 in Stock (americanbankingnews.com)
Molson Coors Brewing (NYSE TAP) traded up $0.29 during mid-day trading on Monday, hitting $84.06. The stock had a trading volume of 1,328,464 shares, compared to its average volume of 1,340,071. 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 company has a market cap of $19,360.00, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Molson Coors Brewing has a 12 month low of $76.25 and a 12 month high of $102.14.
Several equities research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Molson Coors Brewing in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $88.00 target price for the company. Citigroup decreased their target price on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 target price on shares of Molson Coors Brewing in a research report on Friday, December 22nd. Zacks Investment Research lowered Molson Coors Brewing from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Credit Suisse Group set a $92.00 target price on Molson Coors Brewing and gave the company a “hold” rating in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $96.94.
In other news, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the transaction, the chief financial officer now owns 22,839 shares in the company, valued at approximately $1,807,706.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the transaction, the chairman now owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by corporate insiders.
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Molson Coors Brewing Company Profile
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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