Susquehanna Bancshares set a $107.00 price target on Molson Coors Brewing (NYSE:TAP) in a research report report published on Monday. The brokerage currently has a buy rating on the stock.

TAP has been the topic of a number of other reports. Morgan Stanley assumed coverage on shares of Molson Coors Brewing in a report on Tuesday, January 9th. They set an equal weight rating and a $88.00 target price on the stock. Berenberg Bank raised shares of Molson Coors Brewing from a sell rating to a hold rating and set a $78.00 target price on the stock in a report on Thursday, February 8th. BMO Capital Markets assumed coverage on shares of Molson Coors Brewing in a report on Monday, February 5th. They set an outperform rating and a $95.00 target price on the stock. Citigroup dropped their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a buy rating on the stock in a report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a buy rating and set a $116.00 target price on shares of Molson Coors Brewing in a report on Friday, December 22nd. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Molson Coors Brewing currently has a consensus rating of Buy and an average target price of $96.61.

Shares of Molson Coors Brewing (NYSE:TAP) opened at $80.45 on Monday. The firm has a market cap of $16,305.78, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. Molson Coors Brewing has a twelve month low of $72.71 and a twelve month high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83.

Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. sell-side analysts anticipate that Molson Coors Brewing will post 4.33 EPS for the current fiscal year.

In related news, Chairman Peter H. Coors sold 55,603 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total value of $4,726,811.03. Following the sale, the chairman now owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 22,839 shares in the company, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. 2.76% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TAP. Janus Henderson Group PLC increased its holdings in shares of Molson Coors Brewing by 114.4% in the 2nd quarter. Janus Henderson Group PLC now owns 51,241 shares of the company’s stock worth $4,424,000 after acquiring an additional 27,341 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Molson Coors Brewing by 3.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,219 shares of the company’s stock valued at $2,436,000 after buying an additional 873 shares in the last quarter. Scotia Capital Inc. bought a new position in Molson Coors Brewing in the 2nd quarter valued at about $257,000. National Asset Management Inc. grew its position in Molson Coors Brewing by 8.1% in the 2nd quarter. National Asset Management Inc. now owns 2,868 shares of the company’s stock valued at $248,000 after buying an additional 215 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in Molson Coors Brewing by 31.1% in the 2nd quarter. Verition Fund Management LLC now owns 7,373 shares of the company’s stock valued at $637,000 after buying an additional 1,750 shares in the last quarter. 76.90% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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