Molson Coors Brewing’s (TAP) “Buy” Rating Reiterated at Stifel Nicolaus
A number of other research analysts also recently weighed in on TAP. Zacks Investment Research upgraded Molson Coors Brewing from a hold rating to a buy rating and set a $92.00 target price on the stock in a report on Tuesday, January 2nd. Morgan Stanley initiated coverage on 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. Barclays initiated coverage on Molson Coors Brewing in a report on Wednesday, January 10th. They set an overweight rating and a $94.00 target price on the stock. BMO Capital Markets initiated coverage on Molson Coors Brewing in a report on Monday, February 5th. They set an outperform rating and a $95.00 target price on the stock. Finally, Berenberg Bank upgraded 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. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $93.68.
Shares of NYSE:TAP opened at $70.38 on Thursday. Molson Coors Brewing has a 1 year low of $70.05 and a 1 year high of $97.50. The stock has a market cap of $15,748.52, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.79.
Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Molson Coors Brewing in the 4th quarter worth approximately $129,000. Valeo Financial Advisors LLC boosted its position in shares of Molson Coors Brewing by 58.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after purchasing an additional 686 shares in the last quarter. Dupont Capital Management Corp boosted its position in shares of Molson Coors Brewing by 94.9% in the 4th quarter. Dupont Capital Management Corp now owns 2,468 shares of the company’s stock worth $203,000 after purchasing an additional 1,202 shares in the last quarter. Chemical Bank bought a new position in Molson Coors Brewing in the 4th quarter valued at approximately $205,000. Finally, WealthPLAN Partners LLC bought a new position in Molson Coors Brewing in the 4th quarter valued at approximately $212,000. 77.11% of the stock is currently owned by hedge funds and other 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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