Molson Coors Brewing (NYSE:TAP) had its price target hoisted by Citigroup from $60.00 to $65.00 in a report published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on TAP. ValuEngine upgraded shares of Molson Coors Brewing from a sell rating to a hold rating in a research report on Friday, January 3rd. Evercore ISI began coverage on shares of Molson Coors Brewing in a research report on Friday, February 7th. They set a buy rating and a $60.00 price objective for the company. Berenberg Bank restated a hold rating and set a $51.00 price objective on shares of Molson Coors Brewing in a research report on Friday, November 1st. Morgan Stanley boosted their price objective on shares of Molson Coors Brewing from $52.00 to $56.00 and gave the stock an equal weight rating in a research report on Tuesday, January 21st. Finally, Deutsche Bank reduced their price objective on shares of Molson Coors Brewing from $56.00 to $50.00 and set a hold rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $55.17.

NYSE TAP traded down $0.11 on Thursday, hitting $55.25. 2,110,155 shares of the stock were exchanged, compared to its average volume of 1,768,577. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 0.60. Molson Coors Brewing has a fifty-two week low of $49.82 and a fifty-two week high of $64.32. The company has a market cap of $12.51 billion, a PE ratio of 77.82, a PEG ratio of 2.43 and a beta of 0.78. The company has a 50-day moving average price of $55.67 and a 200-day moving average price of $54.17.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.78 by $0.24. Molson Coors Brewing had a net margin of 1.19% and a return on equity of 6.86%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Molson Coors Brewing will post 4.28 EPS for the current fiscal year.

Several large investors have recently modified their holdings of TAP. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Molson Coors Brewing by 19.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 247,248 shares of the company’s stock valued at $14,749,000 after purchasing an additional 41,054 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Molson Coors Brewing during the third quarter valued at approximately $129,000. Valeo Financial Advisors LLC boosted its stake in shares of Molson Coors Brewing by 148.4% during the third quarter. Valeo Financial Advisors LLC now owns 4,159 shares of the company’s stock valued at $239,000 after purchasing an additional 2,485 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Molson Coors Brewing by 3.2% during the third quarter. DNB Asset Management AS now owns 44,969 shares of the company’s stock valued at $2,586,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Molson Coors Brewing by 17.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,720 shares of the company’s stock valued at $673,000 after purchasing an additional 1,765 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

About Molson Coors Brewing

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.

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Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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