Currently, there are 198.60M common shares owned by the public and among those 169.81M shares have been available to trade.
The company’s stock has a 5-day price change of 5.61% and 6.45% over the past three months. TAP shares are trading -7.04% year to date (YTD), with the 12-month market performance down to -10.38% lower. It has a 12-month low price of $49.19 and touched a high of $69.18 over the same period. TAP has an average intraday trading volume of 2.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.90%, 8.58%, and -3.45% respectively.
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Institutional ownership of Molson Coors Beverage Company (NYSE: TAP) shares accounts for 84.94% of the company’s 198.60M shares outstanding.
It has a market capitalization of $11.79B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 10.44, while the earnings-per-share (ttm) stands at $5.45. The company has a PEG of 3.32 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 2.48% over the month.
Analysts forecast that Molson Coors Beverage Company (TAP) will achieve an EPS of 1.69 for the current quarter, 1.19 for the next quarter and 5.89 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.6 while analysts give the company a high EPS estimate of 1.6. Comparatively, EPS for the current quarter was 1.92 a year ago. Earnings per share for the fiscal year are expected to increase by 5.44%, and 2.67% over the next financial year. EPS should grow at an annualized rate of 3.14% over the next five years, compared to -3.26% over the past 5-year period.
Looking at the support for the TAP, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on August 07, 2024, with the firm’s price target at $68-$58. Barclays coverage for the Molson Coors Beverage Company (TAP) stock in a research note released on July 18, 2024 offered a Underweight rating with a price target of $47. Citigroup was of a view on April 24, 2024 that the stock is Sell, while Goldman gave the stock Buy rating on April 09, 2024, issuing a price target of $66- $75. Piper Sandler on their part issued Neutral rating on March 22, 2024.
